Fragasso Financial Advisors Inc purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 47,176 shares of the company’s stock, valued at approximately $2,678,000.
A number of other institutional investors and hedge funds have also modified their holdings of JEPI. Envestnet Asset Management Inc. raised its stake in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after acquiring an additional 146,792 shares in the last quarter. Royal Bank of Canada grew its position in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after acquiring an additional 449,485 shares during the last quarter. Cetera Investment Advisers boosted its stake in JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares in the last quarter. MML Investors Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 8.1% during the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock worth $175,350,000 after buying an additional 230,264 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in JPMorgan Equity Premium Income ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after acquiring an additional 107,684 shares during the last quarter.
JPMorgan Equity Premium Income ETF Price Performance
Shares of NYSEARCA JEPI traded down $0.10 during mid-day trading on Tuesday, hitting $56.85. The company’s stock had a trading volume of 1,983,174 shares, compared to its average volume of 5,132,276. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The stock has a market cap of $45.80 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The company’s fifty day simple moving average is $57.07 and its 200-day simple moving average is $56.72.
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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