Essex Financial Services Inc. Has $5.86 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Essex Financial Services Inc. lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,837 shares of the company’s stock after buying an additional 6,063 shares during the period. Essex Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF during the third quarter worth $25,000. Ulland Investment Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $31,000. Running Point Capital Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 131.2% during the 3rd 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 last quarter. Missouri Trust & Investment Co boosted its position in JPMorgan Equity Premium Income ETF by 737.2% in the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock valued at $41,000 after buying an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in JPMorgan Equity Premium Income ETF by 48.0% during the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after buying an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.5 %

NYSEARCA:JEPI opened at $59.09 on Tuesday. The stock has a market capitalization of $34.68 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The firm has a 50 day moving average of $58.65 and a 200-day moving average of $58.69.

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.