Grant Private Wealth Management Inc Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Grant Private Wealth Management Inc bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,536 shares of the company’s stock, valued at approximately $2,275,000. JPMorgan Equity Premium Income ETF accounts for 2.5% of Grant Private Wealth Management Inc’s investment portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. Duncker Streett & Co. Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $28,000. Ulland Investment Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $31,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $32,000. Finally, Crowley Wealth Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $32,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.00 on Thursday. The stock’s 50 day simple moving average is $58.31 and its 200-day simple moving average is $58.83. The stock has a market cap of $39.35 billion, a P/E ratio of 24.88 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.

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.