Independence Asset Advisors LLC Increases Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Independence Asset Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 62.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,517 shares of the company’s stock after acquiring an additional 5,949 shares during the period. JPMorgan Equity Premium Income ETF accounts for 0.5% of Independence Asset Advisors LLC’s portfolio, making the stock its 14th largest holding. Independence Asset Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 387,324.3% in 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 buying an additional 401,771,477 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $1,609,887,000 after buying an additional 7,443,750 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 buying an additional 772,858 shares during the period. Envestnet Asset Management Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock worth $434,911,000 after purchasing an additional 774,664 shares during the last quarter. Finally, Nationwide Fund Advisors acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth about $396,998,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $56.86 on Friday. The firm has a 50 day simple moving average of $56.84 and a 200-day simple moving average of $56.10. The firm has a market cap of $41.02 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year 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.