Mainstream Capital Management LLC Takes $2.24 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Mainstream Capital Management LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, HoldingsChannel reports. The fund purchased 37,550 shares of the company’s stock, valued at approximately $2,235,000. JPMorgan Equity Premium Income ETF makes up about 1.9% of Mainstream Capital Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $28,000. Larson Financial Group LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 129.8% in the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after purchasing an additional 314 shares during the period. Beaird Harris Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at $38,000. Finally, Centerpoint Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $43,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1 %

Shares of NYSEARCA JEPI opened at $59.67 on Friday. The firm’s 50-day moving average price is $59.04 and its two-hundred day moving average price is $57.53. JPMorgan Equity Premium Income ETF has a 52-week low of $53.33 and a 52-week high of $59.97. The stock has a market capitalization of $35.01 billion, a P/E ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF Company 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.