64,316 Shares of JPMorgan Equity Premium Income ETF $JEPI Bought by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, HoldingsChannel reports. The firm bought 64,316 shares of the company’s stock, valued at approximately $3,616,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. MBA Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the third quarter. MBA Advisors LLC now owns 192,407 shares of the company’s stock valued at $10,817,000 after purchasing an additional 4,031 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 2.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 1,071,302 shares of the company’s stock valued at $60,229,000 after buying an additional 27,018 shares in the last quarter. Optima Capital LLC grew its holdings in JPMorgan Equity Premium Income ETF by 501.0% during the 3rd quarter. Optima Capital LLC now owns 24,371 shares of the company’s stock valued at $1,370,000 after buying an additional 20,316 shares during the last quarter. Columbia Bank grew its holdings in JPMorgan Equity Premium Income ETF by 11.4% during the 3rd quarter. Columbia Bank now owns 37,563 shares of the company’s stock valued at $2,112,000 after buying an additional 3,839 shares during the last quarter. Finally, Aviance Capital Partners LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $974,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $57.39 on Tuesday. The stock has a fifty day moving average of $56.93 and a two-hundred day moving average of $57.17. The company has a market capitalization of $46.06 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. 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.