StoneCrest Wealth Management Inc. Has $3.83 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

StoneCrest Wealth Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,287 shares of the company’s stock after buying an additional 2,713 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 2.8% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 14th largest position. StoneCrest Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,826,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. Larson Financial Group LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 129.8% in the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after purchasing 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 worth $35,000. Morris Financial Concepts Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after purchasing an additional 331 shares during the period. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $38,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $58.99 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month high of $59.58. The stock has a market cap of $34.61 billion, a PE ratio of 24.40 and a beta of 0.53. The firm has a 50-day simple moving average of $58.09 and a 200 day simple moving average of $57.15.

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.