Melia Wealth LLC Has $36.68 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Melia Wealth LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.5% in the second quarter, Holdings Channel reports. The firm owned 645,241 shares of the company’s stock after acquiring an additional 33,358 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 17.6% of Melia Wealth LLC’s investment portfolio, making the stock its biggest position. Melia Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $36,682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. RFG Advisory LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 60.3% during the 2nd quarter. RFG Advisory LLC now owns 103,998 shares of the company’s stock worth $5,912,000 after acquiring an additional 39,116 shares during the period. Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of JPMorgan Equity Premium Income ETF by 14.6% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 4,864 shares of the company’s stock worth $277,000 after acquiring an additional 619 shares during the period. Community Bank N.A. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 10.9% during the 2nd quarter. Community Bank N.A. now owns 175,867 shares of the company’s stock worth $9,996,000 after acquiring an additional 17,236 shares during the period. Endowment Wealth Management Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 11.8% during the 2nd quarter. Endowment Wealth Management Inc. now owns 7,277 shares of the company’s stock worth $414,000 after acquiring an additional 769 shares during the period. Finally, Concord Asset Management LLC VA bought a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $1,340,000.

JPMorgan Equity Premium Income ETF Trading Up 1.0%

Shares of NYSEARCA JEPI opened at $56.55 on Tuesday. 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 50 day moving average of $56.77 and a 200-day moving average of $56.10. The company has a market capitalization of $40.92 billion, a P/E ratio of 23.93 and a beta of 0.62.

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.