Sagespring Wealth Partners LLC Takes $7.03 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sagespring Wealth Partners LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel reports. The firm bought 122,128 shares of the company’s stock, valued at approximately $7,026,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Melia Wealth LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 2.3% during the fourth quarter. Melia Wealth LLC now owns 600,835 shares of the company’s stock worth $34,566,000 after acquiring an additional 13,776 shares during the last quarter. Cornerstone Enterprises LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $16,134,000. Fortis Capital Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 7.6% during the 4th quarter. Fortis Capital Advisors LLC now owns 6,826 shares of the company’s stock worth $402,000 after purchasing an additional 482 shares during the last quarter. NFP Retirement Inc. increased its stake in JPMorgan Equity Premium Income ETF by 8.6% during the 4th quarter. NFP Retirement Inc. now owns 148,803 shares of the company’s stock valued at $8,561,000 after purchasing an additional 11,787 shares in the last quarter. Finally, Concorde Asset Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 82.2% in the fourth quarter. Concorde Asset Management LLC now owns 8,683 shares of the company’s stock worth $500,000 after buying an additional 3,918 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $53.98 on Friday. The company’s fifty day moving average price is $57.26 and its 200-day moving average price is $58.46. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The firm has a market capitalization of $37.26 billion, a PE ratio of 24.88 and a beta of 0.61.

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.