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

Centricity Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 974 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clarity Wealth Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock valued at $3,204,000 after buying an additional 401 shares during the period. Tandem Financial LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $757,000. Citigroup Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 51.8% in the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares during the period. Accurate Wealth Management LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $215,000. Finally, Whittier Trust Co. acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $108,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.13 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88. The stock has a 50 day simple moving average of $58.57 and a two-hundred day simple moving average of $58.83. The company has a market cap of $34.70 billion, a P/E 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.