MBA Advisors LLC Has $10.64 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

MBA Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 188,376 shares of the company’s stock after acquiring an additional 20,847 shares during the period. JPMorgan Equity Premium Income ETF makes up 3.5% of MBA Advisors LLC’s holdings, making the stock its 9th biggest holding. MBA Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,639,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nottingham Advisors Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 21.6% during the first quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock worth $46,301,000 after purchasing an additional 144,966 shares during the period. Janney Montgomery Scott LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,692,604 shares of the company’s stock worth $154,125,000 after acquiring an additional 36,106 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 60.7% in the second quarter. Armstrong Advisory Group Inc. now owns 75,535 shares of the company’s stock valued at $4,266,000 after acquiring an additional 28,517 shares during the period. Channel Wealth LLC boosted its position in JPMorgan Equity Premium Income ETF by 89.2% during the 4th quarter. Channel Wealth LLC now owns 121,746 shares of the company’s stock valued at $6,969,000 after purchasing an additional 57,394 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 13.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,650,864 shares of the company’s stock valued at $94,495,000 after acquiring an additional 191,240 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

NYSEARCA JEPI opened at $57.19 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The company has a 50-day moving average price of $57.17 and a two-hundred day moving average price of $57.08.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.