Acorn Financial Advisory Services Inc. ADV Has $277,000 Stake in JPMorgan Equity Premium Income ETF $JEPI

Acorn Financial Advisory Services Inc. ADV boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,864 shares of the company’s stock after purchasing an additional 619 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Community Bank N.A. increased its stake in shares of JPMorgan Equity Premium Income ETF by 10.9% in the 2nd quarter. Community Bank N.A. now owns 175,867 shares of the company’s stock valued at $9,996,000 after buying an additional 17,236 shares during the period. Endowment Wealth Management Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 11.8% in the 2nd quarter. Endowment Wealth Management Inc. now owns 7,277 shares of the company’s stock valued at $414,000 after buying an additional 769 shares during the period. Concord Asset Management LLC VA acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $1,340,000. M.E. Allison & CO. Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 25.2% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 61,214 shares of the company’s stock valued at $3,480,000 after buying an additional 12,331 shares during the period. Finally, Pegasus Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $468,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $56.88 on Wednesday. The stock has a fifty day moving average of $56.79 and a 200-day moving average of $56.10. The stock has a market capitalization of $41.16 billion, a P/E ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week 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.