Schaeffer Financial LLC Makes New $218,000 Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Schaeffer Financial LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,792 shares of the company’s stock, valued at approximately $218,000. JPMorgan Equity Premium Income ETF comprises about 0.2% of Schaeffer Financial LLC’s portfolio, making the stock its 16th largest position.

Other institutional investors also recently modified their holdings of the company. Consolidated Planning Corp grew its position in shares of JPMorgan Equity Premium Income ETF by 0.5% during the 4th quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock worth $1,931,000 after buying an additional 179 shares during the period. Landmark Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 5.1% during the 4th quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock worth $221,000 after buying an additional 185 shares during the period. Aviance Capital Partners LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 1.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock worth $1,030,000 after buying an additional 194 shares during the period. Fortis Advisors LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 2.0% during the 4th quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock worth $578,000 after buying an additional 196 shares during the period. Finally, Hudock Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 4.5% during the 3rd quarter. Hudock Inc. now owns 4,608 shares of the company’s stock worth $274,000 after buying an additional 199 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $59.71 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The company has a 50 day moving average of $58.57 and a 200-day moving average of $58.80. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.