MidWestOne Financial Group Inc. Purchases 48,741 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MidWestOne Financial Group Inc. lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 88.8% in the second quarter, HoldingsChannel.com reports. The firm owned 103,605 shares of the company’s stock after acquiring an additional 48,741 shares during the period. JPMorgan Equity Premium Income ETF comprises 1.1% of MidWestOne Financial Group Inc.’s investment portfolio, making the stock its 10th largest holding. MidWestOne Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JEPI. HHM Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $28,000. Larson Financial Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 129.8% during the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after buying an additional 314 shares during the period. Burkett Financial Services LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $35,000. Morris Financial Concepts Inc. grew its position in JPMorgan Equity Premium Income ETF by 114.1% in the first quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after acquiring an additional 331 shares during the period. Finally, Beaird Harris Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at $38,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $59.41 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $59.58. The business has a fifty day moving average of $57.77 and a two-hundred day moving average of $57.07. The stock has a market cap of $34.86 billion, a PE ratio of 24.40 and a beta of 0.53.

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.