McAdam LLC Acquires 2,465 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

McAdam LLC lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 54.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,020 shares of the company’s stock after buying an additional 2,465 shares during the period. McAdam LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $418,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JEPI. Cetera Investment Advisers raised its position in shares of JPMorgan Equity Premium Income ETF by 406.2% in the 1st quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after acquiring an additional 3,318,702 shares in the last quarter. Strategic Financial Concepts LLC increased its position in JPMorgan Equity Premium Income ETF by 6,254.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after buying an additional 1,032,746 shares in the last quarter. JPMorgan Chase & Co. increased its position in JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after buying an additional 815,598 shares in the last quarter. First Foundation Advisors increased its position in JPMorgan Equity Premium Income ETF by 91.9% in the 1st quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock valued at $69,611,000 after buying an additional 576,068 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its position in JPMorgan Equity Premium Income ETF by 25.3% in the 1st quarter. RiverFront Investment Group LLC now owns 2,839,375 shares of the company’s stock valued at $164,286,000 after buying an additional 573,494 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.38 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $59.97. The firm has a market capitalization of $34.85 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business has a 50-day simple moving average of $58.84 and a 200 day simple moving average of $57.33.

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.