Commonwealth Equity Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,517,983 shares of the company’s stock, valued at approximately $197,781,000.
Other institutional investors have also made changes to their positions in the company. NBH Bank acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $27,000. Financial Management Professionals Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $30,000. Olistico Wealth LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $35,000. William Mack & Associates Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $37,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $51,000.
JPMorgan Equity Premium Income ETF Stock Down 3.3%
NYSEARCA:JEPI opened at $56.39 on Friday. The stock’s fifty day moving average is $56.88 and its two-hundred day moving average is $57.16. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52.
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.
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