Drive Wealth Management LLC Buys 3,686 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Drive Wealth Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,615 shares of the company’s stock after acquiring an additional 3,686 shares during the quarter. Drive Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,368,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $25,000. Ulland Investment Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $31,000. Running Point Capital Advisors LLC lifted its position in shares of 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 worth $38,000 after purchasing an additional 362 shares during the last quarter. Missouri Trust & Investment Co lifted its position in shares of JPMorgan Equity Premium Income ETF by 737.2% during 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 during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position 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 twelve month low of $54.77 and a twelve month high of $60.88. The stock has a market capitalization of $34.68 billion, a PE ratio of 24.40 and a beta of 0.53. The stock has a 50-day simple moving average of $58.93 and a 200 day simple moving average of $58.53.

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.