Silverlake Wealth Management LLC Increases Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Silverlake Wealth Management LLC raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,746 shares of the company’s stock after buying an additional 231 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 1.6% of Silverlake Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Silverlake Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JEPI. AQR Capital Management LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $295,000. Alpha Financial Partners LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 45.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock worth $3,550,000 after purchasing an additional 18,662 shares during the last quarter. Security National Bank grew its holdings in shares of JPMorgan Equity Premium Income ETF by 2.6% in the 3rd quarter. Security National Bank now owns 111,542 shares of the company’s stock worth $6,638,000 after purchasing an additional 2,824 shares during the last quarter. Pacifica Partners Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 21.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,214 shares of the company’s stock worth $72,000 after purchasing an additional 214 shares during the last quarter. Finally, Chapin Davis Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 13.9% in the 3rd quarter. Chapin Davis Inc. now owns 21,012 shares of the company’s stock worth $1,250,000 after purchasing an additional 2,566 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $58.62 on Wednesday. The firm’s 50-day simple moving average is $58.78 and its 200-day simple moving average is $58.63. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88. The firm has a market cap of $34.40 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.