JPMorgan Equity Premium Income ETF $JEPI Position Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 48.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,196 shares of the company’s stock after acquiring an additional 21,158 shares during the quarter. Kovack Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,475,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the period. Raymond James Financial Inc. increased its stake in JPMorgan Equity Premium Income ETF by 2.8% during the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock valued at $415,310,000 after buying an additional 201,202 shares during the period. Nationwide Fund Advisors raised its position in shares of JPMorgan Equity Premium Income ETF by 0.7% during the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after acquiring an additional 737,043 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.0% in the second quarter. MML Investors Services LLC now owns 3,357,833 shares of the company’s stock valued at $190,893,000 after acquiring an additional 158,645 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $55.80 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The stock’s 50 day moving average price is $56.54 and its 200 day moving average price is $57.48.

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