Kovack Advisors Inc. Lowers Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Kovack Advisors Inc. lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,446 shares of the company’s stock after selling 4,678 shares during the period. Kovack Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,062,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers boosted 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 valued at $239,292,000 after acquiring an additional 3,318,702 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 6,254.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock worth $595,000 after purchasing an additional 1,032,746 shares during the period. JPMorgan Chase & Co. grew 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 worth $1,274,807,000 after purchasing an additional 815,598 shares during the period. 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 worth $69,611,000 after purchasing an additional 576,068 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,505,000.

JPMorgan Equity Premium Income ETF Trading Up 0.1 %

JEPI traded up $0.07 during trading on Wednesday, hitting $60.04. 628,388 shares of the company’s stock were exchanged, compared to its average volume of 3,128,030. JPMorgan Equity Premium Income ETF has a 1 year low of $54.10 and a 1 year high of $60.20. The stock has a 50 day moving average price of $59.13 and a 200 day moving average price of $57.63. The firm has a market cap of $35.23 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.