JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Sierra Ocean LLC’s 8th Largest Position

Sierra Ocean LLC increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,062 shares of the company’s stock after purchasing an additional 4,535 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 4.1% of Sierra Ocean LLC’s holdings, making the stock its 8th largest holding. Sierra Ocean LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $25,000. Crowley Wealth Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $32,000. Arlington Trust Co LLC lifted its position in JPMorgan Equity Premium Income ETF by 140.0% during the 1st quarter. Arlington Trust Co LLC now owns 600 shares of the company’s stock worth $34,000 after acquiring an additional 350 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $36,000. Finally, Park Square Financial Group LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $40,000.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

Shares of NYSEARCA:JEPI opened at $56.96 on Friday. The company has a fifty day simple moving average of $55.99 and a 200 day simple moving average of $56.85. The firm has a market cap of $41.19 billion, a PE ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88.

About JPMorgan Equity Premium Income ETF

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.