JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Bought by Fairway Wealth LLC

Fairway Wealth LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,774 shares of the company’s stock after purchasing an additional 14,710 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 3.3% of Fairway Wealth LLC’s investment portfolio, making the stock its 11th largest position. Fairway Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,663,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Equity Premium Income ETF by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after purchasing an additional 815,598 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after acquiring an additional 539,682 shares in the last quarter. Cetera Investment Advisers lifted its position in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after acquiring an additional 52,301 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in JPMorgan Equity Premium Income ETF by 8.4% in the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after acquiring an additional 285,180 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 5.9% during the second quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock worth $170,371,000 after purchasing an additional 166,821 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $60.01 on Friday. The company has a market capitalization of $35.22 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $53.33 and a fifty-two week high of $60.10. The stock has a 50-day simple moving average of $59.06 and a 200-day simple moving average of $57.56.

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.