JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stock Position Increased by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 312,611 shares of the company’s stock after buying an additional 18,935 shares during the period. JPMorgan Equity Premium Income ETF comprises 6.3% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its biggest position. Beacon Financial Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $18,603,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after buying an additional 815,598 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares during the period. Cetera Investment Advisers increased its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after purchasing an additional 52,301 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after purchasing an additional 285,180 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 5.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after buying an additional 166,821 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.89 on Wednesday. The stock has a market capitalization of $34.56 billion, a P/E ratio of 24.40 and a beta of 0.53. The business has a 50 day simple moving average of $58.98 and a two-hundred day simple moving average of $57.48. JPMorgan Equity Premium Income ETF has a 12 month low of $53.33 and a 12 month high of $59.97.

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.