Houlihan Financial Resource Group Ltd. Invests $503,000 in JPMorgan Equity Premium Income ETF $JEPI

Houlihan Financial Resource Group Ltd. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,900 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 387,324.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after purchasing an additional 401,771,477 shares in the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. grew its position in 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 acquiring an additional 1,327,996 shares during the last quarter. Royal Bank of Canada grew its position in JPMorgan Equity Premium Income ETF by 10.5% during the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock worth $463,927,000 after acquiring an additional 772,858 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after purchasing an additional 636,586 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $57.73 on Friday. The business has a fifty day moving average of $56.98 and a 200-day moving average of $56.74. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73. The firm has a market cap of $41.32 billion, a PE ratio of 23.93 and a beta of 0.60.

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.