Fountainhead AM LLC Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fountainhead AM LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 46.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,924 shares of the company’s stock after buying an additional 2,831 shares during the quarter. Fountainhead AM LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perritt Capital Management Inc. lifted its holdings in 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 valued at $35,000 after purchasing an additional 200 shares during the last quarter. Albion Financial Group UT lifted its holdings in JPMorgan Equity Premium Income ETF by 8,375.0% during the third quarter. Albion Financial Group UT now owns 678 shares of the company’s stock valued at $36,000 after purchasing an additional 670 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 400.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock valued at $42,000 after purchasing an additional 600 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $42,000. Finally, GAMMA Investing LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $44,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI traded up $0.45 during trading on Tuesday, hitting $56.38. 3,797,353 shares of the company’s stock traded hands, compared to its average volume of 3,597,098. The stock has a market capitalization of $33.02 billion, a price-to-earnings ratio of 24.51 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $57.94. The business has a 50 day moving average of $56.83 and a 200-day moving average of $55.37.

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.