Drive Wealth Management LLC Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Drive Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,929 shares of the company’s stock, valued at approximately $1,186,000.

Other hedge funds have also made changes to their positions in the company. Capital City Trust Co. FL grew its position in JPMorgan Equity Premium Income ETF by 37.9% during the third quarter. Capital City Trust Co. FL now owns 7,519 shares of the company’s stock valued at $447,000 after purchasing an additional 2,065 shares in the last quarter. Mendel Capital Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.5% during the 3rd quarter. Mendel Capital Management LLC now owns 21,464 shares of the company’s stock valued at $1,277,000 after buying an additional 524 shares during the period. Planning Directions Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 11.0% during the 3rd quarter. Planning Directions Inc. now owns 40,412 shares of the company’s stock valued at $2,405,000 after acquiring an additional 4,011 shares in the last quarter. Claro Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 5.5% in the third quarter. Claro Advisors LLC now owns 53,016 shares of the company’s stock worth $3,155,000 after acquiring an additional 2,759 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $119,000.

JPMorgan Equity Premium Income ETF Trading Down 0.9 %

JEPI opened at $59.27 on Monday. The stock has a fifty day moving average price of $59.23 and a 200 day moving average price of $57.71. JPMorgan Equity Premium Income ETF has a 1 year low of $54.17 and a 1 year high of $60.20. The stock has a market cap of $34.78 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.