Abound Wealth Management Has $63,000 Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Abound Wealth Management increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1,320.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,094 shares of the company’s stock after acquiring an additional 1,017 shares during the quarter. Abound Wealth Management’s holdings in JPMorgan Equity Premium Income ETF were worth $63,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $25,000. Running Point Capital Advisors LLC raised 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 buying an additional 362 shares during the period. Brown Lisle Cummings Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares in 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, Pacifica Partners Inc. grew its stake in JPMorgan Equity Premium Income ETF by 21.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,214 shares of the company’s stock valued at $72,000 after acquiring an additional 214 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI traded up $0.16 on Monday, reaching $57.22. 2,771,479 shares of the company traded hands, compared to its average volume of 3,984,430. The company has a market cap of $33.58 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The stock’s 50 day moving average price is $59.16 and its 200-day moving average price is $58.38. JPMorgan Equity Premium Income ETF has a 52-week low of $54.72 and a 52-week high of $60.88.

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.