IVC Wealth Advisors LLC Raises Holdings in JPMorgan Equity Premium Income ETF $JEPI

IVC Wealth Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,531 shares of the company’s stock after acquiring an additional 16,693 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 5.4% of IVC Wealth Advisors LLC’s holdings, making the stock its 4th biggest holding. IVC Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $12,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Stanley increased its holdings in JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after purchasing an additional 261,872 shares during the period. Bank of America Corp DE raised its position in JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 7.2% during the 4th quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock worth $316,581,000 after buying an additional 370,330 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.10 on Friday. The company has a market capitalization of $44.45 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The business’s fifty day simple moving average is $56.48 and its 200-day simple moving average is $57.42.

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.