Mountain Capital Investment Advisors Inc. Has $12.69 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Mountain Capital Investment Advisors Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.3% during the 1st quarter, HoldingsChannel reports. The fund owned 231,465 shares of the company’s stock after purchasing an additional 34,177 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 2.3% of Mountain Capital Investment Advisors Inc.’s holdings, making the stock its 8th largest position. Mountain Capital Investment Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $12,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Potentia Wealth bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $447,000. Florida Financial Advisors LLC lifted its stake in JPMorgan Equity Premium Income ETF by 54.3% in the fourth quarter. Florida Financial Advisors LLC now owns 7,014 shares of the company’s stock worth $404,000 after purchasing an additional 2,468 shares during the last quarter. Ritholtz Wealth Management lifted its stake in JPMorgan Equity Premium Income ETF by 2.5% in the first quarter. Ritholtz Wealth Management now owns 7,827 shares of the company’s stock worth $447,000 after purchasing an additional 192 shares during the last quarter. US Bancorp DE lifted its stake in JPMorgan Equity Premium Income ETF by 28.0% in the fourth quarter. US Bancorp DE now owns 28,673 shares of the company’s stock worth $1,650,000 after purchasing an additional 6,273 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 15.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,439 shares of the company’s stock valued at $198,000 after buying an additional 470 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.81 on Thursday. The stock’s 50 day moving average price is $55.91 and its 200-day moving average price is $56.89. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88. The stock has a market cap of $40.37 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62.

JPMorgan Equity Premium Income ETF 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.