Modus Advisors LLC Purchases 2,849 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Modus Advisors LLC lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,073 shares of the company’s stock after acquiring an additional 2,849 shares during the quarter. Modus Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,055,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Family Management Corp purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at about $25,000. Salem Investment Counselors Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $27,000. Patriot Investment Management Group Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $27,000. WealthShield Partners LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $29,000. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI traded up $0.20 during trading on Thursday, hitting $55.48. The stock had a trading volume of 773,080 shares, compared to its average volume of 4,564,155. The stock has a 50 day simple moving average of $55.27 and a two-hundred day simple moving average of $54.62. The company has a market capitalization of $28.74 billion, a PE ratio of 21.55 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a twelve month low of $49.92 and a twelve month high of $56.92.

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.