Marion Wealth Management Buys 302 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Marion Wealth Management grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 18,623 shares of the company’s stock after acquiring an additional 302 shares during the quarter. Marion Wealth Management’s holdings in JPMorgan Equity Premium Income ETF were worth $1,071,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at about $25,000. Running Point Capital Advisors LLC lifted its position in JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after purchasing an additional 362 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in 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 valued at $47,000 after purchasing an additional 255 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $49,000. Finally, Abound Wealth Management raised its stake in shares of JPMorgan Equity Premium Income ETF by 1,320.8% during the 4th quarter. Abound Wealth Management now owns 1,094 shares of the company’s stock valued at $63,000 after buying an additional 1,017 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock traded up $0.21 during trading on Monday, hitting $57.27. 3,220,024 shares of the company traded hands, compared to its average volume of 4,064,904. JPMorgan Equity Premium Income ETF has a 1 year low of $54.72 and a 1 year high of $60.88. The company has a market cap of $33.61 billion, a PE ratio of 24.40 and a beta of 0.53. The stock’s 50-day simple moving average is $59.16 and its 200 day simple moving average is $58.38.

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.