Financial Gravity Companies Inc. Buys Shares of 3,502 JPMorgan Equity Premium Income ETF $JEPI

Financial Gravity Companies Inc. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,502 shares of the company’s stock, valued at approximately $199,000.

Several other institutional investors have also recently made changes to their positions in JEPI. Kingstone Capital Partners Texas LLC increased its stake in JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after acquiring an additional 401,771,477 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 35.9% during the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after purchasing an additional 7,443,750 shares during the period. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the last quarter. Royal Bank of Canada raised its holdings in JPMorgan Equity Premium Income ETF by 10.5% in the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after buying an additional 772,858 shares during the period. Finally, Nationwide Fund Advisors purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $396,998,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $56.74 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The firm has a market cap of $40.61 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a 50-day moving average of $56.88 and a two-hundred day moving average of $56.56.

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.