JPMorgan Equity Premium Income ETF $JEPI Position Raised by Riverchase Wealth Management LLC

Riverchase Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 119.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,377 shares of the company’s stock after buying an additional 4,566 shares during the quarter. Riverchase Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $476,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter worth approximately $29,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter worth approximately $32,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $56.75 on Friday. The firm has a market cap of $41.08 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $60.88. The firm’s 50 day moving average price is $56.76 and its two-hundred day moving average price is $56.13.

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.