Spahn Wealth & Retirement LLC Invests $679,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Spahn Wealth & Retirement LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel reports. The firm bought 11,810 shares of the company’s stock, valued at approximately $679,000. JPMorgan Equity Premium Income ETF makes up 0.4% of Spahn Wealth & Retirement LLC’s portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Consolidated Planning Corp grew its stake in shares of JPMorgan Equity Premium Income ETF by 0.5% during the fourth quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock valued at $1,931,000 after acquiring an additional 179 shares in the last quarter. Landmark Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 5.1% in the fourth quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock valued at $221,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC grew its stake in JPMorgan Equity Premium Income ETF by 2.0% during the 4th quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock valued at $578,000 after purchasing an additional 196 shares in the last quarter. Beam Wealth Advisors Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 0.4% during the 4th quarter. Beam Wealth Advisors Inc. now owns 51,249 shares of the company’s stock worth $2,948,000 after purchasing an additional 196 shares during the last quarter. Finally, Lakeridge Wealth Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 2.7% in the 4th quarter. Lakeridge Wealth Management LLC now owns 7,850 shares of the company’s stock valued at $452,000 after purchasing an additional 206 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

JEPI stock opened at $57.00 on Thursday. The firm has a 50 day simple moving average of $58.31 and a 200-day simple moving average of $58.83. The company has a market capitalization of $39.35 billion, a P/E ratio of 24.88 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month 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.