Forefront Wealth Management Inc. Invests $6.80 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Forefront Wealth Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 118,236 shares of the company’s stock, valued at approximately $6,802,000. JPMorgan Equity Premium Income ETF accounts for approximately 6.3% of Forefront Wealth Management Inc.’s portfolio, making the stock its 4th biggest position.

A number of other large investors have also modified their holdings of the stock. ZEGA Investments LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $2,038,000. Wealth Advisors of Iowa LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 4.2% during the fourth quarter. Wealth Advisors of Iowa LLC now owns 242,254 shares of the company’s stock worth $13,937,000 after purchasing an additional 9,754 shares in the last quarter. AllSquare Wealth Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 8.3% during the fourth quarter. AllSquare Wealth Management LLC now owns 18,568 shares of the company’s stock worth $1,068,000 after purchasing an additional 1,418 shares in the last quarter. HUB Investment Partners LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 9.0% during the fourth quarter. HUB Investment Partners LLC now owns 571,438 shares of the company’s stock worth $32,875,000 after purchasing an additional 47,353 shares in the last quarter. Finally, Fiduciary Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $308,000.

JPMorgan Equity Premium Income ETF Trading Down 0.3 %

Shares of JEPI stock opened at $57.11 on Friday. The firm has a fifty day moving average price of $58.46 and a 200 day moving average price of $58.88. The company has a market cap of $39.04 billion, a P/E ratio of 24.79 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month 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.