21,936 Shares in JPMorgan Equity Premium Income ETF $JEPI Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,936 shares of the company’s stock, valued at approximately $1,233,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 1.3% in 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 during the period. Royal Bank of Canada grew its position in shares of 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 valued at $474,201,000 after acquiring an additional 449,485 shares during the period. Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares during the period. Cornerstone Advisory LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after acquiring an additional 68,589 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 16.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,929,732 shares of the company’s stock worth $109,377,000 after purchasing an additional 278,868 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.56 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The stock’s fifty day moving average is $56.94 and its 200 day moving average is $57.18. The stock has a market cap of $46.19 billion, a P/E 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.