Archer Investment Corp Has $1.80 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Archer Investment Corp lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,676 shares of the company’s stock after purchasing an additional 6,260 shares during the quarter. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $1,795,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JEPI. Global Assets Advisory LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5,858.1% during the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after buying an additional 6,061,819 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 406.2% in the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after acquiring an additional 3,318,702 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares in the last quarter. First Foundation Advisors grew its holdings in shares of JPMorgan Equity Premium Income ETF by 91.9% during the 1st quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock valued at $69,611,000 after purchasing an additional 576,068 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its position in JPMorgan Equity Premium Income ETF by 25.3% during the 1st quarter. RiverFront Investment Group LLC now owns 2,839,375 shares of the company’s stock worth $164,286,000 after purchasing an additional 573,494 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.06 on Wednesday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $58.85. The firm has a market capitalization of $34.07 billion, a P/E ratio of 24.40 and a beta of 0.53. The company’s 50 day moving average price is $56.99 and its two-hundred day moving average price is $56.83.

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.