Nations Financial Group Inc. IA ADV Acquires 10,260 Shares of JPMorgan Equity Premium Income ETF $JEPI

Nations Financial Group Inc. IA ADV raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 65,365 shares of the company’s stock after purchasing an additional 10,260 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $3,705,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JEPI. Rice Partnership LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the period. Providence Capital Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $29,000. Finally, Monetary Solutions Ltd bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $30,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $56.10 on Friday. The firm has a 50 day moving average of $56.48 and a 200 day moving average of $57.42. The company has a market capitalization of $44.45 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.