Financial Alternatives Inc Has $6.03 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Financial Alternatives Inc grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 106,403 shares of the company’s stock after purchasing an additional 3,580 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 4.5% of Financial Alternatives Inc’s portfolio, making the stock its 6th biggest holding. Financial Alternatives Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $6,031,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Global Assets Advisory LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5,858.1% in the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after buying an additional 6,061,819 shares during the period. Cetera Investment Advisers boosted its holdings in shares of 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 buying an additional 3,318,702 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 6,254.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock worth $595,000 after buying an additional 1,032,746 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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. Finally, First Foundation Advisors lifted its position in shares of JPMorgan Equity Premium Income ETF by 91.9% in the first 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.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $58.35 on Thursday. The company has a 50 day simple moving average of $57.18 and a 200-day simple moving average of $56.89. The firm has a market capitalization of $34.24 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 $58.85.

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.