Lowe Wealth Advisors LLC Acquires 7,592 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Lowe Wealth Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,047 shares of the company’s stock after acquiring an additional 7,592 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 2.2% of Lowe Wealth Advisors LLC’s portfolio, making the stock its 9th biggest position. Lowe Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 692.8% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,649 shares of the company’s stock valued at $91,000 after buying an additional 1,441 shares during the period. MADDEN SECURITIES Corp raised its holdings in JPMorgan Equity Premium Income ETF by 0.4% in the 2nd quarter. MADDEN SECURITIES Corp now owns 208,598 shares of the company’s stock valued at $11,542,000 after buying an additional 884 shares during the period. Moseley Investment Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $267,000. HBW Advisory Services LLC raised its holdings in JPMorgan Equity Premium Income ETF by 4.4% in the 2nd quarter. HBW Advisory Services LLC now owns 452,043 shares of the company’s stock valued at $25,011,000 after buying an additional 19,253 shares during the period. Finally, Modus Advisors LLC raised its holdings in JPMorgan Equity Premium Income ETF by 17.6% in the 2nd quarter. Modus Advisors LLC now owns 19,073 shares of the company’s stock valued at $1,055,000 after buying an additional 2,849 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $55.59 on Friday. The company has a market cap of $28.79 billion, a P/E ratio of 21.55 and a beta of 0.62. The stock has a 50-day moving average of $55.29 and a two-hundred day moving average of $54.63. JPMorgan Equity Premium Income ETF has a 1-year low of $49.92 and a 1-year high of $56.92.

JPMorgan Equity Premium Income ETF Company 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.