JPMorgan Equity Premium Income ETF $JEPI Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,770 shares of the company’s stock after acquiring an additional 4,937 shares during the quarter. Kovack Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,716,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. Millstone Evans Group LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth $29,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $32,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.91 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88. The stock has a market capitalization of $40.74 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a fifty day moving average of $56.95 and a 200-day moving average of $56.35.

About JPMorgan Equity Premium Income ETF

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.