IVC Wealth Advisors LLC Boosts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

IVC Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 190,409 shares of the company’s stock after purchasing an additional 21,988 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 5.9% of IVC Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. IVC Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,880,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in JPMorgan Equity Premium Income ETF by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after buying an additional 3,536,406 shares during the period. Tallon Kerry Patrick bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $1,774,000. Capital & Planning LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 16.3% during the fourth quarter. Capital & Planning LLC now owns 9,720 shares of the company’s stock worth $563,000 after purchasing an additional 1,360 shares during the period. Brighton Jones LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $402,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $250,000.

JPMorgan Equity Premium Income ETF Trading Down 0.0%

NYSEARCA JEPI opened at $55.98 on Friday. The company has a market cap of $39.55 billion, a P/E ratio of 24.55 and a beta of 0.61. The company has a fifty day simple moving average of $55.12 and a 200 day simple moving average of $57.49. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month 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.