Cullen Frost Bankers Inc. Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Cullen Frost Bankers Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,254 shares of the company’s stock after buying an additional 1,814 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $808,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JEPI. Larson Financial Group LLC boosted its stake in JPMorgan Equity Premium Income ETF by 129.8% in the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after acquiring an additional 314 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $35,000. Morris Financial Concepts Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 114.1% in the first quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after purchasing an additional 331 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at $38,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in JPMorgan Equity Premium Income ETF by 105.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock worth $41,000 after buying an additional 367 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $57.53 on Monday. The stock has a fifty day moving average of $57.06 and a 200-day moving average of $56.86. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $58.85. The company has a market capitalization of $33.76 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.