Synovus Financial Corp Buys 85,938 Shares of JPMorgan Equity Premium Income ETF $JEPI

Synovus Financial Corp raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 623,364 shares of the company’s stock after buying an additional 85,938 shares during the quarter. Synovus Financial Corp owned about 0.09% of JPMorgan Equity Premium Income ETF worth $35,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JEPI. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Equity Premium Income ETF by 35.9% in the first quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after purchasing an additional 7,443,750 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 6,084.5% in the first quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after purchasing an additional 7,339,853 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $53,537,000. Raymond James Financial Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 14.9% in the first quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock worth $367,730,000 after purchasing an additional 833,285 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 18.9% in the first quarter. Commonwealth Equity Services LLC now owns 4,903,295 shares of the company’s stock worth $280,174,000 after purchasing an additional 778,433 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.9%

Shares of JEPI stock opened at $57.37 on Friday. The company’s fifty day simple moving average is $56.61 and its 200-day simple moving average is $56.45. The firm has a market cap of $41.40 billion, a PE ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $60.88.

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.