JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Northeast Financial Group Inc.’s 7th Largest Position

Northeast Financial Group Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 71.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 184,313 shares of the company’s stock after purchasing an additional 76,721 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 4.1% of Northeast Financial Group Inc.’s portfolio, making the stock its 7th biggest position. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,968,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JEPI. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after purchasing an additional 52,301 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings 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 valued at $218,105,000 after purchasing an additional 285,180 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its holdings 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 purchasing an additional 166,821 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $59.27 on Friday. The firm has a market cap of $34.78 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The company has a 50 day moving average price of $59.23 and a 200-day moving average price of $57.68. JPMorgan Equity Premium Income ETF has a 1-year low of $54.17 and a 1-year high of $60.20.

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.