Advance Capital Management Inc. Boosts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Advance Capital Management Inc. lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 340,239 shares of the company’s stock after acquiring an additional 4,586 shares during the period. JPMorgan Equity Premium Income ETF comprises 0.9% of Advance Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Advance Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $19,574,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $25,000. HHM Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. Running Point Capital Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares during the period. Brown Lisle Cummings Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after purchasing an additional 255 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $49,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock traded down $0.07 during trading hours on Monday, hitting $57.91. The company had a trading volume of 3,606,308 shares, compared to its average volume of 4,054,919. The firm has a market cap of $33.98 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a 50-day moving average price of $59.29 and a two-hundred day moving average price of $58.35. JPMorgan Equity Premium Income ETF has a 1 year low of $54.72 and a 1 year high of $60.88.

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.