HBW Advisory Services LLC Raises Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

HBW Advisory Services LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 452,043 shares of the company’s stock after buying an additional 19,253 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 5.4% of HBW Advisory Services LLC’s investment portfolio, making the stock its 3rd biggest holding. HBW Advisory Services LLC owned 0.10% of JPMorgan Equity Premium Income ETF worth $25,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $375,000. PNC Financial Services Group Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 1,098.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,552 shares of the company’s stock valued at $1,140,000 after buying an additional 17,004 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $714,000. Cibc World Market Inc. lifted its position in JPMorgan Equity Premium Income ETF by 22.3% in the 1st quarter. Cibc World Market Inc. now owns 11,405 shares of the company’s stock worth $700,000 after buying an additional 2,080 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in JPMorgan Equity Premium Income ETF by 10.9% in the 1st quarter. Blair William & Co. IL now owns 8,901 shares of the company’s stock worth $547,000 after purchasing an additional 878 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI traded up $0.20 during trading on Thursday, hitting $55.48. The company had a trading volume of 928,002 shares, compared to its average volume of 4,565,704. The firm has a market capitalization of $28.74 billion, a P/E ratio of 21.55 and a beta of 0.62. The stock has a 50 day simple moving average of $55.27 and a 200 day simple moving average of $54.62. JPMorgan Equity Premium Income ETF has a 12 month low of $49.92 and a 12 month high of $56.92.

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.