Optima Capital LLC raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 501.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 24,371 shares of the company’s stock after acquiring an additional 20,316 shares during the period. Optima Capital LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,370,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of JEPI. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during 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 last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 5.7% in 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 last quarter. Cetera Investment Advisers lifted its stake in JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares in the last quarter. Cornerstone Advisory LLC lifted its stake in JPMorgan Equity Premium Income ETF by 3.5% in the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock worth $115,092,000 after purchasing an additional 68,589 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 16.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,929,732 shares of the company’s stock valued at $109,377,000 after purchasing an additional 278,868 shares during the last quarter.
JPMorgan Equity Premium Income ETF Price Performance
Shares of JPMorgan Equity Premium Income ETF stock opened at $57.56 on Monday. The firm has a market cap of $46.19 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business has a 50-day moving average price of $56.94 and a 200-day moving average price of $57.18. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90.
About JPMorgan Equity Premium Income ETF
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.
Further Reading
- Five stocks we like better than JPMorgan Equity Premium Income ETF
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
Want to see what other hedge funds are holding JEPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report).
Receive News & Ratings for JPMorgan Equity Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Equity Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
