Stonebridge Financial Group LLC Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Stonebridge Financial Group LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, Holdings Channel reports. The firm acquired 226,134 shares of the company’s stock, valued at approximately $13,009,000. JPMorgan Equity Premium Income ETF comprises 1.4% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $295,000. Alpha Financial Partners LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 45.5% during the third quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock valued at $3,550,000 after buying an additional 18,662 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at about $229,000. Concourse Financial Group Securities Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 9.3% in the third quarter. Concourse Financial Group Securities Inc. now owns 37,478 shares of the company’s stock valued at $2,230,000 after buying an additional 3,195 shares during the period. Finally, Armstrong Advisory Group Inc. grew its position in JPMorgan Equity Premium Income ETF by 4.6% during the third quarter. Armstrong Advisory Group Inc. now owns 33,632 shares of the company’s stock worth $2,001,000 after buying an additional 1,480 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.5 %

JPMorgan Equity Premium Income ETF stock opened at $59.09 on Tuesday. The business has a 50 day moving average price of $58.65 and a two-hundred day moving average price of $58.69. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.