Tower Research Capital LLC TRC Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Tower Research Capital LLC TRC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,108 shares of the company’s stock, valued at approximately $61,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its position in JPMorgan Equity Premium Income ETF by 12.1% in the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock valued at $1,751,195,000 after purchasing an additional 3,531,562 shares during the period. International Assets Investment Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $647,943,000. Royal Bank of Canada increased its position in shares of JPMorgan Equity Premium Income ETF by 15.3% during the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after acquiring an additional 922,303 shares in the last quarter. UBS Group AG increased its position in shares of JPMorgan Equity Premium Income ETF by 21.5% during the third quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock worth $310,410,000 after acquiring an additional 1,024,956 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 41.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,521,187 shares of the company’s stock worth $295,715,000 after acquiring an additional 1,618,295 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3 %

JEPI stock traded up $0.15 during mid-day trading on Monday, reaching $56.43. 3,322,637 shares of the company traded hands, compared to its average volume of 3,566,835. The firm’s 50 day moving average price is $56.84 and its 200 day moving average price is $55.45. The stock has a market cap of $33.06 billion, a price-to-earnings ratio of 24.51 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94.

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.