Beacon Financial Advisory LLC Has $19.76 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Beacon Financial Advisory LLC increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 347,593 shares of the company’s stock after buying an additional 13,386 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 5.1% of Beacon Financial Advisory LLC’s portfolio, making the stock its biggest holding. Beacon Financial Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $19,761,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $25,000. Bartlett & CO. Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $25,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $29,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $32,000.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

JEPI stock opened at $57.03 on Friday. The business has a 50 day moving average price of $56.76 and a two-hundred day moving average price of $56.13. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $60.88.

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.