Granite Bay Wealth Management LLC Makes New $2.11 Million Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Granite Bay Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,116 shares of the company’s stock, valued at approximately $2,106,000.

Other hedge funds have also recently modified their holdings of the company. Fluent Financial LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 4.2% in the first quarter. Fluent Financial LLC now owns 4,467 shares of the company’s stock valued at $258,000 after acquiring an additional 181 shares during the period. FSC Wealth Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 2.9% in the 2nd quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock valued at $384,000 after purchasing an additional 188 shares during the period. Hixon Zuercher LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 3.7% in the 2nd quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock valued at $302,000 after purchasing an additional 190 shares during the period. Raleigh Capital Management Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 21.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,126 shares of the company’s stock worth $62,000 after buying an additional 200 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its position in JPMorgan Equity Premium Income ETF by 17.5% during the first quarter. Salem Investment Counselors Inc. now owns 1,342 shares of the company’s stock valued at $78,000 after buying an additional 200 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.49 on Tuesday. The firm has a 50-day simple moving average of $57.81 and a two-hundred day simple moving average of $57.08. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $59.58. The company has a market cap of $34.91 billion, a P/E ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF 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.