Sovereign Financial Group Inc. Has $1.36 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sovereign Financial Group Inc. lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,584 shares of the company’s stock after acquiring an additional 1,549 shares during the period. Sovereign Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,357,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. One Capital Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $605,000. Edgestream Partners L.P. bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $375,000. Alpha Financial Partners LLC raised its stake in JPMorgan Equity Premium Income ETF by 0.8% in the second quarter. Alpha Financial Partners LLC now owns 40,991 shares of the company’s stock valued at $2,323,000 after purchasing an additional 311 shares in the last quarter. Yarger Wealth Strategies LLC bought a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth about $205,000. Finally, Fairway Wealth LLC grew its stake in JPMorgan Equity Premium Income ETF by 59.0% during the second quarter. Fairway Wealth LLC now owns 114,064 shares of the company’s stock worth $6,465,000 after buying an additional 42,316 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.4 %

JEPI stock opened at $57.50 on Wednesday. The company’s 50-day moving average price is $59.13 and its two-hundred day moving average price is $58.39. The firm has a market cap of $33.74 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.72 and a 12 month 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.