Avior Wealth Management LLC Increases Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Avior Wealth Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 68,379 shares of the company’s stock after acquiring an additional 9,932 shares during the period. Avior Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JEPI. Envestnet Asset Management Inc. lifted its position in 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 worth $402,664,000 after acquiring an additional 539,682 shares during the period. Cetera Investment Advisers lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after purchasing an additional 52,301 shares during the period. Commonwealth Equity Services LLC grew its position in JPMorgan Equity Premium Income ETF by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after buying an additional 285,180 shares during the last quarter. RiverFront Investment Group LLC increased its stake in JPMorgan Equity Premium Income ETF by 5.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after buying an additional 166,821 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 15.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,899,066 shares of the company’s stock worth $164,319,000 after acquiring an additional 395,730 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.41 on Wednesday. The stock has a market capitalization of $34.86 billion, a PE ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average of $59.29 and a 200-day moving average of $57.76. JPMorgan Equity Premium Income ETF has a one year low of $54.20 and a one year high of $60.20.

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.