Ellis Investment Partners LLC Buys 22,522 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Ellis Investment Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,192 shares of the company’s stock after purchasing an additional 22,522 shares during the period. JPMorgan Equity Premium Income ETF comprises 2.3% of Ellis Investment Partners LLC’s holdings, making the stock its 11th largest position. Ellis Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JEPI. Alpha Financial Partners LLC lifted its stake in JPMorgan Equity Premium Income ETF by 45.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock valued at $3,550,000 after acquiring an additional 18,662 shares in the last quarter. Creative Planning lifted its position in shares of JPMorgan Equity Premium Income ETF by 44.6% in the third quarter. Creative Planning now owns 139,002 shares of the company’s stock worth $8,272,000 after purchasing an additional 42,854 shares in the last quarter. Optimum Investment Advisors boosted its holdings in JPMorgan Equity Premium Income ETF by 23.2% during the third quarter. Optimum Investment Advisors now owns 1,594 shares of the company’s stock worth $95,000 after purchasing an additional 300 shares during the last quarter. Sax Wealth Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 50.6% in the third quarter. Sax Wealth Advisors LLC now owns 8,567 shares of the company’s stock valued at $510,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 1.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 105,717 shares of the company’s stock valued at $6,291,000 after buying an additional 1,010 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $59.17 on Friday. The company has a market cap of $34.72 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The firm has a 50-day moving average of $58.58 and a 200-day moving average of $58.74. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88.

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.