Sovereign Financial Group Inc. Boosts Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sovereign Financial Group Inc. increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,035 shares of the company’s stock after acquiring an additional 2,450 shares during the period. Sovereign Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,311,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth $28,000. Larson Financial Group LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 129.8% in the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after acquiring an additional 314 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $35,000. Morris Financial Concepts Inc. grew its position in JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after acquiring an additional 331 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $38,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.99 on Wednesday. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $59.58. The company’s 50 day moving average price is $58.09 and its 200-day moving average price is $57.15. The stock has a market capitalization of $34.61 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.