Truist Financial Corp Buys 115,483 Shares of JPMorgan Equity Premium Income ETF $JEPI

Truist Financial Corp increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,007,194 shares of the company’s stock after acquiring an additional 115,483 shares during the quarter. Truist Financial Corp owned about 0.14% of JPMorgan Equity Premium Income ETF worth $57,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JEPI. Mather Group LLC. bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth $25,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $29,000. Millstone Evans Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $32,000. Finally, Arlington Trust Co LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 140.0% during the 1st quarter. Arlington Trust Co LLC now owns 600 shares of the company’s stock worth $34,000 after acquiring an additional 350 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.85 on Thursday. The company has a 50-day moving average of $56.77 and a 200-day moving average of $56.15. The company has a market capitalization of $41.03 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $60.88.

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.