Morse Asset Management Inc Makes New $904,000 Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Morse Asset Management Inc purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the first quarter, according to its most recent filing with the SEC. The firm purchased 15,632 shares of the company’s stock, valued at approximately $904,000.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 129.8% in the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 314 shares during the period. Burkett Financial Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $35,000. Capital Advisors Ltd. LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 79.3% in the 4th quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock valued at $36,000 after buying an additional 291 shares during the period. Morris Financial Concepts Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 114.1% in the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after buying an additional 331 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 105.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock valued at $41,000 after purchasing an additional 367 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 1.1 %

JEPI stock traded up $0.64 during mid-day trading on Friday, reaching $56.96. 2,669,204 shares of the company traded hands, compared to its average volume of 3,237,032. The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. 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’s 50 day moving average price is $56.61 and its 200 day moving average price is $56.54.

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.