7,375 Shares in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,375 shares of the company’s stock, valued at approximately $418,000.

Several other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $28,000. Larson Financial Group LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 129.8% during the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after acquiring an additional 314 shares during the last quarter. Burkett Financial Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $35,000. Morris Financial Concepts Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after acquiring an additional 331 shares during the period. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth approximately $38,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.32 on Tuesday. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $59.37. The company has a 50 day moving average price of $57.59 and a 200 day moving average price of $57.00.

JPMorgan Equity Premium Income ETF Company Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income.