Financial Guidance Group Inc. Has $11.17 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Financial Guidance Group Inc. decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 194,176 shares of the company’s stock after selling 1,546 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 6.1% of Financial Guidance Group Inc.’s investment portfolio, making the stock its 4th biggest position. Financial Guidance Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $11,171,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JEPI. Clarity Wealth Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock valued at $3,204,000 after acquiring an additional 401 shares in the last quarter. Tandem Financial LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at approximately $757,000. Citigroup Inc. raised its stake in JPMorgan Equity Premium Income ETF by 51.8% during the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares during the period. Accurate Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $215,000. Finally, Whittier Trust Co. bought a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $108,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $59.04 on Thursday. The firm has a market cap of $34.65 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The company has a 50 day simple moving average of $58.61 and a two-hundred day simple moving average of $58.71.

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.