Accredited Investors Inc. Invests $437,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Accredited Investors Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,339 shares of the company’s stock, valued at approximately $437,000.

A number of other institutional investors have also recently added to or reduced their stakes in JEPI. Evergreen Wealth Management LLC boosted its stake in JPMorgan Equity Premium Income ETF by 16.1% during the 3rd quarter. Evergreen Wealth Management LLC now owns 123,272 shares of the company’s stock valued at $7,336,000 after purchasing an additional 17,130 shares during the period. Northeast Financial Group Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 71.3% in the third quarter. Northeast Financial Group Inc. now owns 184,313 shares of the company’s stock valued at $10,968,000 after purchasing an additional 76,721 shares during the period. Coastline Trust Co bought a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $103,000. Insight 2811 Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 6.2% during the third quarter. Insight 2811 Inc. now owns 4,660 shares of the company’s stock worth $277,000 after buying an additional 270 shares during the period. Finally, Archer Investment Corp boosted its position in shares of JPMorgan Equity Premium Income ETF by 102.5% during the third quarter. Archer Investment Corp now owns 64,130 shares of the company’s stock worth $3,816,000 after buying an additional 32,454 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $59.27 on Friday. The stock’s 50 day moving average price is $59.23 and its 200 day moving average price is $57.70. The stock has a market cap of $34.78 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.17 and a 12 month high of $60.20.

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.