Archer Investment Corp Purchases 7,630 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Archer Investment Corp boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 232.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,917 shares of the company’s stock after buying an additional 7,630 shares during the quarter. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Family Management Corp acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $25,000. Salem Investment Counselors Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $27,000. Patriot Investment Management Group Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $27,000. Janiczek Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth about $30,000. Finally, Perritt Capital Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 44.4% during the third quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.4 %

Shares of NYSEARCA JEPI traded down $0.21 during mid-day trading on Wednesday, reaching $55.49. 2,615,614 shares of the company’s stock were exchanged, compared to its average volume of 3,608,559. The firm has a market capitalization of $32.51 billion, a price-to-earnings ratio of 24.51 and a beta of 0.54. The business has a fifty day simple moving average of $56.86 and a 200 day simple moving average of $55.26. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month high of $57.94.

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.