Summit Financial Wealth Advisors LLC Makes New $1.12 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Summit Financial Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,987 shares of the company’s stock, valued at approximately $1,124,000.

A number of other institutional investors have also recently modified their holdings of the stock. 3Chopt Investment Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 9.0% in the first quarter. 3Chopt Investment Partners LLC now owns 2,143 shares of the company’s stock valued at $121,000 after purchasing an additional 177 shares during the last quarter. Lineweaver Wealth Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 1.6% in the third quarter. Lineweaver Wealth Advisors LLC now owns 11,301 shares of the company’s stock valued at $635,000 after buying an additional 177 shares in the last quarter. Private Capital Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.2% during the 3rd quarter. Private Capital Advisors Inc. now owns 9,292 shares of the company’s stock worth $522,000 after buying an additional 200 shares during the last quarter. Mayflower Financial Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 0.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 30,564 shares of the company’s stock worth $1,732,000 after buying an additional 209 shares during the last quarter. Finally, Capstone Financial Advisors Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.6% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 14,739 shares of the company’s stock worth $832,000 after buying an additional 238 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

Shares of JPMorgan Equity Premium Income ETF stock traded up $0.26 on Thursday, hitting $57.12. The company’s stock had a trading volume of 2,861,455 shares, compared to its average volume of 5,126,589. The company has a market capitalization of $45.88 billion, a P/E ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The firm has a fifty day moving average price of $57.05 and a 200-day moving average price of $56.73.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.