Valmark Advisers Inc. lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 130.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 144,439 shares of the company’s stock after buying an additional 81,698 shares during the quarter. Valmark Advisers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,187,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of JEPI. Morgan Stanley grew its position in JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after purchasing an additional 261,872 shares during the last quarter. Bank of America Corp DE raised its holdings in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the last quarter. Raymond James Financial Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of JPMorgan Equity Premium Income ETF by 7.2% in the fourth quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock worth $316,581,000 after buying an additional 370,330 shares in the last quarter.
JPMorgan Equity Premium Income ETF Stock Performance
Shares of NYSEARCA:JEPI traded up $0.13 during trading on Friday, reaching $56.76. 3,315,346 shares of the stock traded hands, compared to its average volume of 5,517,202. The stock has a market cap of $45.17 billion, a P/E ratio of 23.93 and a beta of 0.54. The stock has a 50-day moving average of $56.15 and a two-hundred day moving average of $57.32. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.
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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