Eastern Bank Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

Eastern Bank boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 170,656 shares of the company’s stock after purchasing an additional 39,019 shares during the period. Eastern Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $9,639,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Rice Partnership LLC boosted its stake in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Advocate Investing Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

JPMorgan Equity Premium Income ETF stock opened at $57.35 on Tuesday. The business’s 50 day simple moving average is $56.35 and its 200 day simple moving average is $57.21. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company has a market cap of $45.71 billion, a price-to-earnings 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.