Independent Financial Group LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,844 shares of the company’s stock after buying an additional 26,699 shares during the period. Independent Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,214,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after acquiring an additional 261,872 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during 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 purchasing an additional 690,960 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares during the last quarter. Raymond James Financial Inc. lifted its position in JPMorgan Equity Premium Income ETF by 11.4% during the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after purchasing an additional 825,889 shares during the period. Finally, Cetera Investment Advisers lifted its position in JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after purchasing an additional 553,011 shares during the period.
JPMorgan Equity Premium Income ETF Stock Performance
NYSEARCA:JEPI opened at $57.92 on Friday. The firm’s fifty day moving average is $56.64 and its two-hundred day moving average is $57.17. The firm has a market cap of $46.20 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90.
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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