Mechanics Bank Trust Department acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 199,068 shares of the company’s stock, valued at approximately $11,192,000. JPMorgan Equity Premium Income ETF makes up approximately 1.5% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 16th largest position.
Several other hedge funds have also recently bought and sold shares of JEPI. Legacy Private Trust Co. acquired a new position in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $2,602,000. Private Client Services LLC bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth $3,694,000. Nottingham Advisors Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 21.6% during the first quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock worth $46,301,000 after purchasing an additional 144,966 shares during the last quarter. Studio Investment Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 194.0% in the 2nd quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock valued at $3,053,000 after purchasing an additional 35,668 shares in the last quarter. Finally, Tucker Asset Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 42.1% in the 2nd quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock valued at $1,921,000 after purchasing an additional 10,075 shares in the last quarter.
JPMorgan Equity Premium Income ETF Stock Down 0.1%
Shares of JEPI traded down $0.03 during midday trading on Tuesday, hitting $56.93. The company’s stock had a trading volume of 3,629,416 shares, compared to its average volume of 5,141,550. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The company’s fifty day simple moving average is $57.07 and its two-hundred day simple moving average is $56.72. The stock has a market capitalization of $45.86 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.
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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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