JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stake Raised by Guardian Financial Partners LLC

Guardian Financial Partners LLC lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 50.1% in the 2nd quarter, Holdings Channel reports. The firm owned 55,473 shares of the company’s stock after purchasing an additional 18,515 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 8.9% of Guardian Financial Partners LLC’s portfolio, making the stock its 4th biggest position. Guardian Financial Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JEPI. Private Advisor Group LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the first quarter worth $375,000. PNC Financial Services Group Inc. grew its stake in JPMorgan Equity Premium Income ETF by 1,098.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,552 shares of the company’s stock valued at $1,140,000 after acquiring an additional 17,004 shares during the last quarter. Synovus Financial Corp purchased a new position in JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $714,000. Cibc World Market Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 22.3% in the first quarter. Cibc World Market Inc. now owns 11,405 shares of the company’s stock valued at $700,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of JPMorgan Equity Premium Income ETF by 10.9% during 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 in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock traded up $0.19 on Monday, reaching $55.38. The company had a trading volume of 1,093,979 shares, compared to its average volume of 4,549,457. The company’s fifty day moving average is $55.30 and its 200 day moving average is $54.65. The company has a market cap of $28.68 billion, a P/E ratio of 21.55 and a beta of 0.62. 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 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.