Newbridge Financial Services Group Inc. Purchases 29,879 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Newbridge Financial Services Group Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 106.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,886 shares of the company’s stock after buying an additional 29,879 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 1.2% of Newbridge Financial Services Group Inc.’s holdings, making the stock its 18th largest holding. Newbridge Financial Services Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,281,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at approximately $28,000. Larson Financial Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 129.8% in 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 purchased a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter worth $35,000. Morris Financial Concepts Inc. boosted 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 valued at $36,000 after purchasing an additional 331 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at about $38,000.

JPMorgan Equity Premium Income ETF Trading Down 0.7 %

Shares of JEPI stock opened at $59.09 on Wednesday. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The stock’s 50-day moving average price is $57.86 and its 200-day moving average price is $57.09. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $59.58.

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.