LGT Financial Advisors LLC Raises Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

LGT Financial Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 52.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,787 shares of the company’s stock after purchasing an additional 5,429 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 2.3% of LGT Financial Advisors LLC’s holdings, making the stock its 5th largest position. LGT Financial Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $939,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after purchasing an additional 815,598 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after acquiring an additional 539,682 shares during the period. Cetera Investment Advisers raised its position in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after acquiring an additional 52,301 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after acquiring an additional 285,180 shares during the last quarter. Finally, RiverFront Investment Group LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 5.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after acquiring an additional 166,821 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $59.52 on Thursday. The firm has a market capitalization of $34.93 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business has a fifty day moving average price of $58.99 and a 200-day moving average price of $57.51. JPMorgan Equity Premium Income ETF has a one year low of $53.33 and a one year high of $59.97.

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.