Rialto Wealth Management LLC Invests $91,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Rialto Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,589 shares of the company’s stock, valued at approximately $91,000.

A number of other large investors have also recently bought and sold shares of JEPI. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $322,301,000. JPMorgan Chase & Co. lifted its holdings in JPMorgan Equity Premium Income ETF by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in JPMorgan Equity Premium Income ETF by 4,498.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after buying an additional 1,273,452 shares in the last quarter. Eaton Financial Holdings Company LLC bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth about $51,202,000. Finally, World Investment Advisors LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 748.5% during the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after buying an additional 711,094 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.6 %

NYSEARCA:JEPI opened at $58.20 on Friday. The stock has a market capitalization of $38.91 billion, a P/E ratio of 25.75 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The firm has a 50 day moving average of $58.60 and a 200-day moving average of $58.98.

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.