Investment Advisory Services Inc. TX ADV Has $12.64 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Investment Advisory Services Inc. TX ADV reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 223,721 shares of the company’s stock after selling 40,556 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 3.6% of Investment Advisory Services Inc. TX ADV’s portfolio, making the stock its 6th biggest holding. Investment Advisory Services Inc. TX ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $12,636,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JEPI. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth about $402,000. AQR Capital Management LLC raised its position in JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after purchasing an additional 18,619 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $847,000. Schnieders Capital Management LLC. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $3,093,000. Finally, First Trust Advisors LP purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

NYSEARCA JEPI opened at $57.84 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm has a market capitalization of $46.13 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The company has a fifty day moving average of $56.60 and a two-hundred day moving average of $57.17.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.