Meriwether Wealth & Planning LLC Invests $265,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Meriwether Wealth & Planning LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,602 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds have also modified their holdings of JEPI. Raymond James Financial Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $322,301,000. JPMorgan Chase & Co. grew its position in JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after buying an additional 3,536,406 shares during the last quarter. Strategic Financial Concepts LLC grew its position in JPMorgan Equity Premium Income ETF by 4,498.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after buying an additional 1,273,452 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $51,202,000. Finally, World Investment Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after buying an additional 711,094 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $58.20 on Monday. The firm’s fifty day moving average price is $58.60 and its 200 day moving average price is $58.98. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88. The firm has a market cap of $38.91 billion, a price-to-earnings ratio of 25.75 and a beta of 0.61.

JPMorgan Equity Premium Income ETF Company 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.