Walter & Keenan Wealth Management LLC IN ADV Purchases 5,820 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Walter & Keenan Wealth Management LLC IN ADV grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,486 shares of the company’s stock after acquiring an additional 5,820 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.2% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 22nd largest position. Walter & Keenan Wealth Management LLC IN ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $4,028,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of JEPI. GAMMA Investing LLC raised its stake in JPMorgan Equity Premium Income ETF by 6,084.5% during the first quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after acquiring an additional 7,339,853 shares in the last quarter. Raymond James Financial Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $322,301,000. Wells Fargo & Company MN raised its stake in JPMorgan Equity Premium Income ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after acquiring an additional 2,051,299 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $53,537,000. Finally, Royal Bank of Canada raised its stake in JPMorgan Equity Premium Income ETF by 10.8% during the fourth quarter. Royal Bank of Canada now owns 7,346,281 shares of the company’s stock worth $422,631,000 after acquiring an additional 714,849 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $55.74 on Friday. The stock has a fifty day moving average price of $55.45 and a two-hundred day moving average price of $57.09. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88. The firm has a market capitalization of $39.67 billion, a P/E ratio of 24.45 and a beta of 0.60.

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.