Archer Investment Corp Has $3.30 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Archer Investment Corp lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,259 shares of the company’s stock after selling 24,712 shares during the period. JPMorgan Equity Premium Income ETF makes up 0.7% of Archer Investment Corp’s holdings, making the stock its 28th biggest holding. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $3,302,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rice Partnership LLC raised its stake in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $28,000. Advocate Investing Services LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth about $28,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $56.76 on Tuesday. The stock has a market capitalization of $45.17 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock’s 50 day moving average price is $56.13 and its two-hundred day moving average price is $57.31.

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