Fortune Financial Group Inc. Makes New $625,000 Investment in JPMorgan Equity Premium Income ETF $JEPI

Fortune Financial Group Inc. bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,788 shares of the company’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Effects LLC grew its stake in JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after acquiring an additional 173 shares during the period. WESPAC Advisors SoCal LLC lifted its position in JPMorgan Equity Premium Income ETF by 4.3% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after buying an additional 174 shares during the period. Aspen Wealth Strategies LLC lifted its position in JPMorgan Equity Premium Income ETF by 4.5% during the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock worth $231,000 after buying an additional 174 shares during the period. Morey & Quinn Wealth Partners LLC boosted its stake in JPMorgan Equity Premium Income ETF by 4.9% in the 4th quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock worth $213,000 after buying an additional 175 shares during the last quarter. Finally, Hurley Capital LLC grew its holdings in JPMorgan Equity Premium Income ETF by 2.0% in the 3rd quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock valued at $519,000 after buying an additional 177 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $55.29 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company has a 50-day moving average of $56.56 and a 200-day moving average of $57.49. The company has a market cap of $43.81 billion, a P/E ratio of 23.93 and a beta of 0.54.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.