Pinnacle Wealth Management Advisory Group LLC Has $16.65 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Pinnacle Wealth Management Advisory Group LLC lessened its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 302,910 shares of the company’s stock after selling 10,129 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 2.0% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 14th largest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $16,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Perritt Capital Management Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 44.4% in the 3rd quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of JPMorgan Equity Premium Income ETF by 8,375.0% in the 3rd quarter. Albion Financial Group UT now owns 678 shares of the company’s stock worth $36,000 after purchasing an additional 670 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 79.3% during the 4th quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock worth $36,000 after purchasing an additional 291 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 400.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock valued at $42,000 after purchasing an additional 600 shares during the last quarter. Finally, Roble Belko & Company Inc acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $42,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock traded up $0.18 during trading hours on Thursday, reaching $56.94. 1,839,922 shares of the company were exchanged, compared to its average volume of 3,496,095. The company has a market cap of $33.41 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The stock’s fifty day moving average is $56.75 and its two-hundred day moving average is $55.56. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94.

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.