Midwest Trust Co Takes Position in JPMorgan Equity Premium Income ETF $JEPI

Midwest Trust Co bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the second quarter, HoldingsChannel reports. The institutional investor bought 404,894 shares of the company’s stock, valued at approximately $23,018,000.

A number of other large investors have also added to or reduced their stakes in JEPI. Global Wealth Management Investment Advisory Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 2.2% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 331,714 shares of the company’s stock worth $18,858,000 after buying an additional 7,275 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of JPMorgan Equity Premium Income ETF by 6.7% during the second quarter. Prospera Financial Services Inc now owns 543,695 shares of the company’s stock worth $30,917,000 after acquiring an additional 34,372 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $62,000. Carnegie Lake Advisors LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 62.6% in the second quarter. Carnegie Lake Advisors LLC now owns 14,994 shares of the company’s stock valued at $852,000 after purchasing an additional 5,774 shares during the last quarter. Finally, Rovin Capital UT ADV grew its stake in JPMorgan Equity Premium Income ETF by 3.4% during the 2nd quarter. Rovin Capital UT ADV now owns 47,563 shares of the company’s stock valued at $2,704,000 after purchasing an additional 1,581 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

Shares of JEPI opened at $56.45 on Friday. The firm has a market cap of $40.41 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The business’s 50 day moving average is $56.87 and its two-hundred day moving average is $56.48. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88.

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.