Northeast Financial Group Inc. Has $10.97 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Northeast Financial Group Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 71.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,313 shares of the company’s stock after acquiring an additional 76,721 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 4.1% of Northeast Financial Group Inc.’s portfolio, making the stock its 7th largest holding. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,968,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Coastline Trust Co bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $103,000. Insight 2811 Inc. lifted its position in JPMorgan Equity Premium Income ETF by 6.2% during the third quarter. Insight 2811 Inc. now owns 4,660 shares of the company’s stock valued at $277,000 after purchasing an additional 270 shares during the last quarter. Archer Investment Corp lifted its position in JPMorgan Equity Premium Income ETF by 102.5% during the third quarter. Archer Investment Corp now owns 64,130 shares of the company’s stock valued at $3,816,000 after purchasing an additional 32,454 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in JPMorgan Equity Premium Income ETF by 18.5% during the third quarter. Signature Estate & Investment Advisors LLC now owns 45,783 shares of the company’s stock valued at $2,725,000 after purchasing an additional 7,137 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC lifted its position in JPMorgan Equity Premium Income ETF by 13.0% during the third quarter. Oak Harbor Wealth Partners LLC now owns 61,607 shares of the company’s stock valued at $3,666,000 after purchasing an additional 7,110 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.9 %

JEPI stock opened at $59.27 on Friday. The company has a fifty day simple moving average of $59.23 and a two-hundred day simple moving average of $57.68. The firm has a market capitalization of $34.78 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $54.17 and a 52 week high of $60.20.

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.