Independent Advisor Alliance Has $867,000 Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Independent Advisor Alliance lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,563 shares of the company’s stock after purchasing an additional 667 shares during the quarter. Independent Advisor Alliance’s holdings in JPMorgan Equity Premium Income ETF were worth $867,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Raymond James & Associates lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 22.2% during the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after acquiring an additional 439,155 shares during the period. Marshall Financial Group LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after acquiring an additional 63,018 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 39.5% during the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after acquiring an additional 4,524 shares during the period. Heritage Wealth Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $978,000. Finally, Summit Wealth Partners LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after acquiring an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $60.69 on Thursday. The stock has a market cap of $35.61 billion, a PE ratio of 24.40 and a beta of 0.53. The business has a fifty day moving average of $59.43 and a two-hundred day moving average of $57.88. JPMorgan Equity Premium Income ETF has a 52-week low of $54.27 and a 52-week high of $60.83.

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.