JPMorgan Equity Premium Income ETF $JEPI Position Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 48.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65,196 shares of the company’s stock after acquiring an additional 21,158 shares during the quarter. Kovack Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rice Partnership LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $29,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $31,000. Finally, Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth $33,000.

JPMorgan Equity Premium Income ETF Stock Up 0.9%

Shares of NYSEARCA JEPI opened at $55.80 on Friday. The stock’s fifty day simple moving average is $56.54 and its 200 day simple moving average is $57.48. The stock has a market capitalization of $44.21 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.

JPMorgan Equity Premium Income ETF 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.