74,300 JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 325,834 shares of the company’s stock after buying an additional 74,300 shares during the period. Rakuten Investment Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $18,406,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Legacy Private Trust Co. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth about $2,602,000. Private Client Services LLC purchased a new position in JPMorgan Equity Premium Income ETF in the third quarter worth $3,694,000. Studio Investment Management LLC raised its position in JPMorgan Equity Premium Income ETF by 194.0% in the second quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock worth $3,053,000 after acquiring an additional 35,668 shares during the period. Community Financial Services Group LLC purchased a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at about $6,319,000. Finally, Tucker Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% during the 2nd quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock worth $1,921,000 after purchasing an additional 10,075 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $58.29 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The business has a fifty day simple moving average of $56.92 and a two-hundred day simple moving average of $57.17. The company has a market capitalization of $46.76 billion, a P/E ratio of 23.93 and a beta of 0.52.

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.