Global Assets Advisory LLC increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 28.6% in the first quarter, Holdings Channel reports. The institutional investor owned 169,135 shares of the company’s stock after buying an additional 37,649 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.3% of Global Assets Advisory LLC’s holdings, making the stock its 8th largest holding. Global Assets Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,587,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its stake 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 worth $2,703,692,000 after acquiring an additional 261,872 shares during the period. Bank of America Corp DE increased its position in shares of 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 purchasing an additional 690,960 shares during the period. Raymond James Financial Inc. raised its stake 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 valued at $463,602,000 after purchasing an additional 825,889 shares in the last quarter. Nationwide Fund Advisors lifted its position in JPMorgan Equity Premium Income ETF by 0.7% during the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after purchasing an additional 51,190 shares during the period. Finally, Cetera Investment Advisers grew its stake in JPMorgan Equity Premium Income ETF by 7.2% during 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 Up 0.2%
Shares of NYSEARCA:JEPI traded up $0.13 during midday trading on Friday, hitting $56.76. The stock had a trading volume of 3,315,346 shares, compared to its average volume of 5,517,202. The company’s 50-day moving average price is $56.15 and its 200-day moving average price is $57.32. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The company has a market capitalization of $45.17 billion, a P/E ratio of 23.93 and a beta of 0.54.
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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