Investment Advisory Services Inc. TX ADV Has $14.98 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Investment Advisory Services Inc. TX ADV reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,277 shares of the company’s stock after selling 39,369 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 4.8% of Investment Advisory Services Inc. TX ADV’s portfolio, making the stock its 3rd largest position. Investment Advisory Services Inc. TX ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $14,979,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wealth Management Partners LLC raised its position in JPMorgan Equity Premium Income ETF by 6.9% during the 1st quarter. Wealth Management Partners LLC now owns 7,296 shares of the company’s stock valued at $414,000 after purchasing an additional 473 shares during the last quarter. Signal Advisors Wealth LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 29.1% in the 1st quarter. Signal Advisors Wealth LLC now owns 44,622 shares of the company’s stock worth $2,529,000 after buying an additional 10,047 shares during the last quarter. Worth Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.2% during the first quarter. Worth Asset Management LLC now owns 35,946 shares of the company’s stock valued at $2,037,000 after buying an additional 774 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.4% during the first quarter. Sovereign Financial Group Inc. now owns 43,057 shares of the company’s stock valued at $2,440,000 after buying an additional 1,824 shares during the period. Finally, AdvisorNet Financial Inc raised its holdings in shares of JPMorgan Equity Premium Income ETF by 13.0% during the first quarter. AdvisorNet Financial Inc now owns 321,993 shares of the company’s stock valued at $18,251,000 after acquiring an additional 36,930 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

Shares of JPMorgan Equity Premium Income ETF stock opened at $55.83 on Wednesday. The business has a 50 day moving average of $56.41 and a 200 day moving average of $57.41. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The company has a market cap of $44.24 billion, a PE ratio of 23.93 and a beta of 0.54.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.