Meadow Creek Wealth Advisors LLC Invests $2.94 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Meadow Creek Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,374 shares of the company’s stock, valued at approximately $2,935,000. JPMorgan Equity Premium Income ETF accounts for about 2.9% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth $460,136,000. Morgan Stanley grew its position in JPMorgan Equity Premium Income ETF by 27.5% in the fourth quarter. Morgan Stanley now owns 21,184,968 shares of the company’s stock worth $1,154,369,000 after acquiring an additional 4,567,129 shares in the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 41.5% in the third quarter. Envestnet Asset Management Inc. now owns 5,521,187 shares of the company’s stock worth $295,715,000 after acquiring an additional 1,618,295 shares in the last quarter. Bank of New York Mellon Corp grew its position in JPMorgan Equity Premium Income ETF by 1,421.3% in the third quarter. Bank of New York Mellon Corp now owns 1,536,371 shares of the company’s stock worth $82,288,000 after acquiring an additional 1,435,379 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in JPMorgan Equity Premium Income ETF by 22.2% in the second quarter. Osaic Holdings Inc. now owns 6,150,578 shares of the company’s stock worth $340,041,000 after acquiring an additional 1,118,083 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI traded up $0.08 during trading on Thursday, hitting $57.85. 3,759,395 shares of the company’s stock traded hands, compared to its average volume of 3,562,610. The stock has a fifty day moving average of $56.64 and a two-hundred day moving average of $55.06. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $57.94. The firm has a market cap of $29.96 billion, a P/E ratio of 21.55 and a beta of 0.62.

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.