PFG Advisors Has $12.85 Million Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

PFG Advisors reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,615 shares of the company’s stock after selling 7,253 shares during the period. JPMorgan Equity Premium Income ETF comprises about 0.9% of PFG Advisors’ holdings, making the stock its 16th largest position. PFG Advisors’ holdings in JPMorgan Equity Premium Income ETF were worth $12,845,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JEPI. Global Assets Advisory LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 5,858.1% during the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock valued at $356,724,000 after acquiring an additional 6,061,819 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of JPMorgan Equity Premium Income ETF by 406.2% during the 1st quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock valued at $239,292,000 after acquiring an additional 3,318,702 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 6,254.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after acquiring an additional 1,032,746 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after acquiring an additional 815,598 shares during the last quarter. Finally, First Foundation Advisors increased its holdings in shares of JPMorgan Equity Premium Income ETF by 91.9% during the 1st quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock valued at $69,611,000 after acquiring an additional 576,068 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $58.35 on Thursday. The firm has a market cap of $34.24 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business’s 50-day simple moving average is $57.18 and its 200-day simple moving average is $56.89. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $58.85.

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.