Howard Wealth Management LLC Invests $497,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Howard Wealth Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPIFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,044 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds have also recently bought and sold shares of the company. Morgan Stanley increased its stake in JPMorgan Equity Premium Income ETF by 12.1% in the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock valued at $1,751,195,000 after purchasing an additional 3,531,562 shares in the last quarter. International Assets Investment Management LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $647,943,000. Royal Bank of Canada increased its position in JPMorgan Equity Premium Income ETF by 15.3% during the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after buying an additional 922,303 shares in the last quarter. UBS Group AG increased its position in JPMorgan Equity Premium Income ETF by 21.5% during the third quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock worth $310,410,000 after buying an additional 1,024,956 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 41.5% during the third quarter. Envestnet Asset Management Inc. now owns 5,521,187 shares of the company’s stock worth $295,715,000 after buying an additional 1,618,295 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock traded up $0.09 during mid-day trading on Friday, hitting $57.12. 1,977,433 shares of the company were exchanged, compared to its average volume of 3,489,771. The business’s 50 day simple moving average is $56.75 and its two-hundred day simple moving average is $55.57. The company has a market capitalization of $33.52 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $57.94.

About JPMorgan Equity Premium Income ETF

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

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