Valmark Advisers Inc. Grows Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Valmark Advisers Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 74.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 52,721 shares of the company’s stock after purchasing an additional 22,413 shares during the quarter. Valmark Advisers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Kingstone Capital Partners Texas LLC increased its holdings 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 acquiring an additional 401,771,477 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 7,443,750 shares in the last quarter. Raymond James Financial Inc. increased its holdings 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 acquiring an additional 833,285 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings 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 acquiring an additional 778,433 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings 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 acquiring an additional 774,664 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.91 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $60.88. The company has a 50 day simple moving average of $56.75 and a two-hundred day simple moving average of $56.14. The firm has a market cap of $41.17 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.