MFG Wealth Management Inc. Takes $320,000 Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MFG Wealth Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,564 shares of the company’s stock, valued at approximately $320,000.

Other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $25,000. Ulland Investment Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $31,000. Running Point Capital Advisors LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 131.2% during the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after buying an additional 362 shares during the period. Missouri Trust & Investment Co raised its holdings in JPMorgan Equity Premium Income ETF by 737.2% in the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after acquiring an additional 634 shares during the period. Finally, Brown Lisle Cummings Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.04 on Thursday. The company has a 50-day moving average of $58.61 and a two-hundred day moving average of $58.71. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88.

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.