IVC Wealth Advisors LLC Has $10.65 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

IVC Wealth Advisors LLC cut its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,376 shares of the company’s stock after selling 3,033 shares during the period. JPMorgan Equity Premium Income ETF makes up 5.2% of IVC Wealth Advisors LLC’s holdings, making the stock its 4th biggest holding. IVC Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,652,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JEPI. Kingstone Capital Partners Texas LLC grew its position in 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 worth $22,736,908,000 after purchasing an additional 401,771,477 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 worth $1,609,887,000 after purchasing an additional 7,443,750 shares in the last quarter. Raymond James Financial Inc. grew its position in 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 worth $367,730,000 after purchasing an additional 833,285 shares in the last quarter. Commonwealth Equity Services LLC grew its position in 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 worth $280,174,000 after purchasing an additional 778,433 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 11.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock worth $434,911,000 after purchasing an additional 774,664 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $57.03 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88. The company has a 50-day simple moving average of $56.76 and a two-hundred day simple moving average of $56.13. The company has a market capitalization of $41.28 billion, a price-to-earnings 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.