Sequoia Financial Advisors LLC Purchases Shares of 5,725 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sequoia Financial Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,725 shares of the company’s stock, valued at approximately $315,000.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC bought a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $375,000. PNC Financial Services Group Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1,098.4% in the first quarter. PNC Financial Services Group Inc. now owns 18,552 shares of the company’s stock valued at $1,140,000 after purchasing an additional 17,004 shares in the last quarter. Synovus Financial Corp bought a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $714,000. Cibc World Market Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 22.3% in the first quarter. Cibc World Market Inc. now owns 11,405 shares of the company’s stock valued at $700,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 10.9% in the first quarter. Blair William & Co. IL now owns 8,901 shares of the company’s stock valued at $547,000 after purchasing an additional 878 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.2 %

JEPI stock opened at $55.47 on Friday. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month high of $57.94. The stock’s 50 day moving average is $56.84 and its 200-day moving average is $55.27. The firm has a market capitalization of $32.49 billion, a PE ratio of 24.51 and a beta of 0.54.

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.