Novem Group Invests $1.31 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Novem Group bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,749 shares of the company’s stock, valued at approximately $1,309,000.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $322,301,000. JPMorgan Chase & Co. raised its stake in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Wells Fargo & Company MN grew its stake in shares of JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock valued at $837,352,000 after buying an additional 2,051,299 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4,498.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after buying an additional 1,273,452 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $53,537,000.

JPMorgan Equity Premium Income ETF Trading Up 0.0%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.30 on Wednesday. The business’s fifty day moving average price is $55.36 and its 200 day moving average price is $57.68. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $60.88. The stock has a market capitalization of $39.78 billion, a P/E ratio of 24.55 and a beta of 0.61.

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.