JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Acquired by Archer Investment Corp

Archer Investment Corp grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 232.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,917 shares of the company’s stock after buying an additional 7,630 shares during the period. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JEPI. Sfmg LLC boosted its stake in JPMorgan Equity Premium Income ETF by 3.2% during the 4th quarter. Sfmg LLC now owns 193,061 shares of the company’s stock worth $10,614,000 after purchasing an additional 6,036 shares during the period. Scissortail Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth $784,000. Tyche Wealth Partners LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth $351,000. Aspen Wealth Strategies LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 7.8% in the 4th quarter. Aspen Wealth Strategies LLC now owns 4,698 shares of the company’s stock worth $258,000 after acquiring an additional 341 shares during the period. Finally, Diversified Portfolios Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.1% in the 4th quarter. Diversified Portfolios Inc. now owns 8,551 shares of the company’s stock worth $470,000 after acquiring an additional 335 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock traded down $0.21 during mid-day trading on Wednesday, hitting $55.49. The stock had a trading volume of 2,615,614 shares, compared to its average volume of 3,608,559. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94. The firm has a market cap of $32.51 billion, a PE ratio of 24.51 and a beta of 0.54. The company’s 50-day simple moving average is $56.86 and its 200-day simple moving average is $55.26.

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.