Marino Stram & Associates LLC Has $2.62 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Marino Stram & Associates LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,813 shares of the company’s stock after buying an additional 3,315 shares during the quarter. Marino Stram & Associates LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,618,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. Duncker Streett & Co. Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $32,000. Crowley Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $32,000. Finally, Global Wealth Strategies & Associates acquired a new position in JPMorgan Equity Premium Income ETF during the first quarter worth approximately $36,000.

JPMorgan Equity Premium Income ETF Stock Down 0.7%

JEPI opened at $55.87 on Wednesday. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88. The stock has a market cap of $39.76 billion, a price-to-earnings ratio of 24.45 and a beta of 0.60. The business has a 50 day moving average of $55.38 and a 200-day moving average of $57.13.

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.