Safe Harbor Fiduciary LLC Invests $5.70 Million in JPMorgan Equity Premium Income ETF $JEPI

Safe Harbor Fiduciary LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,231 shares of the company’s stock, valued at approximately $5,698,000. JPMorgan Equity Premium Income ETF makes up approximately 5.3% of Safe Harbor Fiduciary LLC’s portfolio, making the stock its 3rd biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEPI. Brighton Jones LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth $402,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $235,000. Cozad Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 4.3% during the first quarter. Cozad Asset Management Inc. now owns 17,962 shares of the company’s stock valued at $1,026,000 after buying an additional 734 shares during the period. Arkadios Wealth Advisors raised its stake in JPMorgan Equity Premium Income ETF by 41.5% in the first quarter. Arkadios Wealth Advisors now owns 41,576 shares of the company’s stock worth $2,376,000 after buying an additional 12,191 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF in the first quarter worth about $413,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $57.67 on Thursday. The company has a 50-day simple moving average of $56.85 and a two-hundred day simple moving average of $56.62. The firm has a market capitalization of $41.28 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year 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.