Fairway Wealth LLC Increases Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fairway Wealth LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 59.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 114,064 shares of the company’s stock after acquiring an additional 42,316 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 3.8% of Fairway Wealth LLC’s holdings, making the stock its 11th largest holding. Fairway Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Yarger Wealth Strategies LLC purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $205,000. Alpha Financial Partners LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 0.8% during the 2nd quarter. Alpha Financial Partners LLC now owns 40,991 shares of the company’s stock worth $2,323,000 after purchasing an additional 311 shares during the period. Edgestream Partners L.P. bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $375,000. One Capital Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $605,000. Finally, Perissos Private Wealth Management LLC raised its position in JPMorgan Equity Premium Income ETF by 20.5% in the 2nd quarter. Perissos Private Wealth Management LLC now owns 70,601 shares of the company’s stock worth $4,002,000 after purchasing an additional 12,009 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $59.04 on Tuesday. The firm has a market capitalization of $34.65 billion, a PE ratio of 24.40 and a beta of 0.53. The business has a 50 day simple moving average of $57.34 and a two-hundred day simple moving average of $56.93. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $59.10.

JPMorgan Equity Premium Income ETF Company 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.