Summit Wealth Partners LLC Increases Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Summit Wealth Partners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 76,928 shares of the company’s stock after purchasing an additional 957 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 0.9% of Summit Wealth Partners LLC’s portfolio, making the stock its 27th largest position. Summit Wealth Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in JPMorgan Equity Premium Income ETF by 3.8% in the first 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 in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after acquiring an additional 539,682 shares during the last quarter. Global Assets Advisory LLC grew its position in JPMorgan Equity Premium Income ETF by 5,858.1% during the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after purchasing an additional 6,061,819 shares during the period. Cetera Investment Advisers raised its stake 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 buying an additional 52,301 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 14.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,379,837 shares of the company’s stock valued at $191,569,000 after buying an additional 430,134 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.7 %

Shares of JEPI opened at $59.09 on Wednesday. The stock’s 50-day moving average price is $57.86 and its 200-day moving average price is $57.09. The company has a market capitalization of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $59.58.

JPMorgan Equity Premium Income ETF Company 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.