Legacy Private Trust Co. bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,277 shares of the company’s stock, valued at approximately $2,602,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after acquiring an additional 146,792 shares in the last quarter. Royal Bank of Canada grew its position in JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after purchasing an additional 449,485 shares during the period. Cetera Investment Advisers grew its position in JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after purchasing an additional 553,011 shares during the period. MML Investors Services LLC increased its stake in JPMorgan Equity Premium Income ETF by 8.1% during the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after purchasing an additional 230,264 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in JPMorgan Equity Premium Income ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after purchasing an additional 107,684 shares in the last quarter.
JPMorgan Equity Premium Income ETF Stock Up 0.4%
JEPI traded up $0.21 during trading on Tuesday, hitting $56.51. 2,867,811 shares of the company’s stock were exchanged, compared to its average volume of 5,159,257. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The stock has a market cap of $45.53 billion, a P/E ratio of 23.93 and a beta of 0.53. The business’s 50 day moving average is $57.13 and its two-hundred day moving average is $56.72.
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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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