IVC Wealth Advisors LLC Has $9.69 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

IVC Wealth Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 168,421 shares of the company’s stock after buying an additional 8,273 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 5.4% of IVC Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. IVC Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Heritage Wealth Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $978,000. Citigroup Inc. boosted its position in JPMorgan Equity Premium Income ETF by 51.8% during the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after acquiring an additional 50,459 shares during the period. Summit Wealth Partners LLC grew its stake in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after acquiring an additional 957 shares in the last quarter. Horizon Advisory Services Inc. increased its stake in JPMorgan Equity Premium Income ETF by 0.5% in the 2nd quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock valued at $26,766,000 after buying an additional 2,158 shares during the period. Finally, Brown Financial Advisors purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $3,263,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.14 on Friday. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The stock has a 50-day simple moving average of $58.93 and a 200-day simple moving average of $58.48. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88.

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.