Fortress Financial Solutions LLC Acquires Shares of 49,899 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fortress Financial Solutions LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, Holdings Channel.com reports. The fund bought 49,899 shares of the company’s stock, valued at approximately $2,871,000. JPMorgan Equity Premium Income ETF accounts for 4.1% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after buying an additional 3,536,406 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after acquiring an additional 285,180 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock worth $212,643,000 after acquiring an additional 83,858 shares during the last quarter. MML Investors Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 16.9% in the 3rd quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock valued at $155,331,000 after acquiring an additional 376,400 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in JPMorgan Equity Premium Income ETF by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 2,088,400 shares of the company’s stock valued at $124,281,000 after acquiring an additional 136,138 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $59.20 on Wednesday. The firm has a market capitalization of $34.74 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The stock has a 50 day moving average price of $58.63 and a two-hundred day moving average price of $58.71.

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.