Fortress Wealth Management Inc. Has $638,000 Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fortress Wealth Management Inc. cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,725 shares of the company’s stock after selling 973 shares during the quarter. Fortress Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC increased its holdings in JPMorgan Equity Premium Income ETF by 82.3% in the first quarter. Park Avenue Securities LLC now owns 17,101 shares of the company’s stock worth $989,000 after buying an additional 7,719 shares during the last quarter. RFG Advisory LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 97.5% during the first quarter. RFG Advisory LLC now owns 48,326 shares of the company’s stock valued at $2,796,000 after buying an additional 23,861 shares during the last quarter. Optimum Investment Advisors lifted its stake in shares of JPMorgan Equity Premium Income ETF by 331.3% in the first quarter. Optimum Investment Advisors now owns 1,294 shares of the company’s stock valued at $75,000 after buying an additional 994 shares during the period. International Assets Investment Management LLC grew its position in JPMorgan Equity Premium Income ETF by 1.8% during the first quarter. International Assets Investment Management LLC now owns 218,302 shares of the company’s stock worth $12,502,000 after buying an additional 3,950 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 17.5% in the 1st quarter. Salem Investment Counselors Inc. now owns 1,342 shares of the company’s stock valued at $78,000 after acquiring an additional 200 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI traded up $0.06 during trading on Friday, hitting $59.90. 2,356,511 shares of the stock were exchanged, compared to its average volume of 3,146,272. The company has a market capitalization of $35.15 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-year high of $59.97. The company’s fifty day simple moving average is $58.63 and its 200-day simple moving average is $57.26.

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.