JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,504 shares of the company’s stock after acquiring an additional 4,395 shares during the period. Sovereign Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JEPI. Kingstone Capital Partners Texas LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after acquiring an additional 401,771,477 shares during the period. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Equity Premium Income ETF by 35.9% in the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock valued at $1,609,887,000 after acquiring an additional 7,443,750 shares during the period. Nationwide Fund Advisors purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $396,998,000. Raymond James Financial Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 14.9% in the 1st quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock valued at $367,730,000 after acquiring an additional 833,285 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 18.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,903,295 shares of the company’s stock valued at $280,174,000 after acquiring an additional 778,433 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 1.3%

Shares of JEPI opened at $56.00 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.88. The firm’s 50 day moving average price is $56.77 and its 200 day moving average price is $56.11. The company has a market cap of $40.53 billion, a P/E ratio of 23.93 and a beta of 0.62.

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.