Independent Financial Group LLC Boosts Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Independent Financial Group LLC lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 180,844 shares of the company’s stock after acquiring an additional 26,699 shares during the quarter. Independent Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 7.5% during the 4th quarter. Wagner Wealth Management LLC now owns 449,273 shares of the company’s stock worth $25,716,000 after buying an additional 31,510 shares during the period. Brighton Jones LLC grew its stake in JPMorgan Equity Premium Income ETF by 1,613.9% in the 4th quarter. Brighton Jones LLC now owns 127,528 shares of the company’s stock valued at $7,300,000 after acquiring an additional 120,087 shares during the period. Nottingham Advisors Inc. grew its stake in JPMorgan Equity Premium Income ETF by 21.6% in the 1st quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock valued at $46,301,000 after acquiring an additional 144,966 shares during the period. FSA Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth $1,055,000. Finally, Janney Montgomery Scott LLC raised its position in JPMorgan Equity Premium Income ETF by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,692,604 shares of the company’s stock worth $154,125,000 after acquiring an additional 36,106 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

JEPI opened at $57.92 on Friday. The company has a market cap of $46.20 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The firm’s fifty day simple moving average is $56.64 and its two-hundred day simple moving average is $57.17.

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