Essex Financial Services Inc. Has $5.02 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Essex Financial Services Inc. boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,263 shares of the company’s stock after purchasing an additional 3,482 shares during the period. Essex Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Perritt Capital Management Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 44.4% during the third quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 79.3% during the fourth quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock valued at $36,000 after purchasing an additional 291 shares during the period. Albion Financial Group UT raised its holdings in shares of JPMorgan Equity Premium Income ETF by 8,375.0% during the third quarter. Albion Financial Group UT now owns 678 shares of the company’s stock valued at $36,000 after purchasing an additional 670 shares during the period. BOK Financial Private Wealth Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 400.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock valued at $42,000 after purchasing an additional 600 shares during the period. Finally, Roble Belko & Company Inc acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $42,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI traded up $0.08 during trading on Wednesday, hitting $55.68. 2,056,434 shares of the company traded hands, compared to its average volume of 3,535,905. The business’s fifty day moving average is $56.84 and its 200 day moving average is $55.45. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94. The firm has a market capitalization of $32.62 billion, a price-to-earnings ratio of 24.51 and a beta of 0.54.

About JPMorgan Equity Premium Income ETF

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.