Ridgecrest Wealth Partners LLC Takes Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Ridgecrest Wealth Partners LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,500 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at about $25,000. Ulland Investment Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $31,000. Running Point Capital Advisors LLC grew its stake 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 acquiring an additional 362 shares in the last quarter. Missouri Trust & Investment Co lifted its stake in JPMorgan Equity Premium Income ETF by 737.2% in the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after purchasing an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 48.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after purchasing an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $59.10 on Monday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The stock has a market cap of $34.68 billion, a PE ratio of 24.40 and a beta of 0.53. The stock has a 50 day moving average price of $58.93 and a 200 day moving average price of $58.53.

JPMorgan Equity Premium Income ETF Company 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.