Northeast Financial Group Inc. Reduces Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Northeast Financial Group Inc. lessened its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,617 shares of the company’s stock after selling 4,696 shares during the period. JPMorgan Equity Premium Income ETF comprises about 3.8% of Northeast Financial Group Inc.’s portfolio, making the stock its 7th largest holding. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,333,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JEPI. Heritage Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $978,000. Citigroup Inc. boosted its stake in shares of 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 boosted its stake in shares of 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 worth $4,360,000 after acquiring an additional 957 shares during the period. Truist Financial Corp increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.0% during the 2nd quarter. Truist Financial Corp now owns 821,676 shares of the company’s stock worth $46,573,000 after acquiring an additional 15,763 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in JPMorgan Equity Premium Income ETF by 106.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 57,886 shares of the company’s stock valued at $3,281,000 after acquiring an additional 29,879 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.02 on Thursday. The stock has a market cap of $34.63 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average price of $58.90 and a two-hundred day moving average price of $58.57. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88.

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.