Wealth Enhancement Advisory Services LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,875 shares of the company’s stock, valued at approximately $430,000.
A number of other institutional investors also recently bought and sold shares of the stock. Morgan Stanley lifted its position in JPMorgan Equity Premium Income ETF by 27.5% in the fourth quarter. Morgan Stanley now owns 21,184,968 shares of the company’s stock worth $1,154,369,000 after buying an additional 4,567,129 shares during the last quarter. JPMorgan Chase & Co. lifted its position in JPMorgan Equity Premium Income ETF by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 19,430,185 shares of the company’s stock worth $1,058,750,000 after buying an additional 161,233 shares during the last quarter. Bank of America Corp DE lifted its position in JPMorgan Equity Premium Income ETF by 34.2% in the fourth quarter. Bank of America Corp DE now owns 19,174,676 shares of the company’s stock worth $1,044,828,000 after buying an additional 4,884,910 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth $460,136,000. Finally, Advisor Group Holdings Inc. lifted its position in JPMorgan Equity Premium Income ETF by 53.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,144,690 shares of the company’s stock worth $225,880,000 after buying an additional 1,438,196 shares during the last quarter.
JPMorgan Equity Premium Income ETF Stock Up 0.3 %
Shares of JEPI opened at $55.23 on Thursday. The company has a market cap of $25.15 billion, a PE ratio of 21.55 and a beta of 0.62. The business has a fifty day moving average of $54.60 and a 200 day moving average of $54.49. JPMorgan Equity Premium Income ETF has a 52-week low of $49.92 and a 52-week high of $57.89.
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.
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