Steele Capital Management Inc. Invests $15.04 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Steele Capital Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 273,537 shares of the company’s stock, valued at approximately $15,039,000. JPMorgan Equity Premium Income ETF comprises 1.0% of Steele Capital Management Inc.’s portfolio, making the stock its 24th biggest holding. Steele Capital Management Inc. owned approximately 0.05% of JPMorgan Equity Premium Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sapient Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $285,000. AdvisorNet Financial Inc increased its position in JPMorgan Equity Premium Income ETF by 2.4% during the fourth quarter. AdvisorNet Financial Inc now owns 35,624 shares of the company’s stock worth $1,959,000 after buying an additional 830 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the third quarter worth $111,000. Modera Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF during the third quarter worth $207,000. Finally, Etesian Wealth Advisors Inc. increased its position in JPMorgan Equity Premium Income ETF by 52.9% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 8,331 shares of the company’s stock worth $458,000 after buying an additional 2,881 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.3 %

JPMorgan Equity Premium Income ETF stock traded up $0.15 during mid-day trading on Monday, hitting $56.43. 3,322,637 shares of the company’s stock were exchanged, compared to its average volume of 3,566,835. The stock has a market cap of $33.06 billion, a P/E ratio of 24.51 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-year high of $57.94. The stock has a 50 day moving average of $56.84 and a two-hundred day moving average of $55.45.

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.