Spartan Wealth Advisory Services LLC Invests $1.91 Million in JPMorgan Equity Premium Income ETF $JEPI

Spartan Wealth Advisory Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 33,691 shares of the company’s stock, valued at approximately $1,910,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rice Partnership LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 124.5% during the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $28,000. Advocate Investing Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $29,000.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $56.55 on Friday. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The company’s 50 day simple moving average is $56.16 and its 200 day simple moving average is $57.28. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90.

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