Patron Partners LLC Buys New Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Patron Partners LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,494 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $25,000. HHM Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth approximately $38,000. Centerpoint Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $43,000. Finally, Brown Lisle Cummings Inc. increased its stake in JPMorgan Equity Premium Income ETF by 48.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after purchasing an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $60.07 on Tuesday. The firm has a market capitalization of $35.25 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $53.67 and a 52 week high of $60.20. The stock has a 50 day moving average price of $59.09 and a two-hundred day moving average price of $57.61.

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.