Bridgewealth Advisory Group LLC Grows Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bridgewealth Advisory Group LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,630 shares of the company’s stock after purchasing an additional 14,384 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 3.3% of Bridgewealth Advisory Group LLC’s portfolio, making the stock its 9th biggest holding. Bridgewealth Advisory Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,347,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Global Assets Advisory LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 5,858.1% during the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock valued at $356,724,000 after buying an additional 6,061,819 shares during the last quarter. Cetera Investment Advisers raised its holdings in JPMorgan Equity Premium Income ETF by 406.2% in the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after purchasing an additional 3,318,702 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 6,254.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock worth $595,000 after acquiring an additional 1,032,746 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.8% during the first 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. Finally, First Foundation Advisors increased its position in JPMorgan Equity Premium Income ETF by 91.9% during the 1st quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock valued at $69,611,000 after buying an additional 576,068 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $59.15 on Friday. The firm has a market cap of $34.71 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $59.29. The stock has a 50-day moving average price of $57.54 and a 200-day moving average price of $56.99.

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.