JPMorgan Chase & Co. Acquires 3,536,406 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

JPMorgan Chase & Co. increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,389,179 shares of the company’s stock after buying an additional 3,536,406 shares during the quarter. JPMorgan Chase & Co.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,332,380,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JEPI. Heritage Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $978,000. Citigroup Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 51.8% in the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after buying an additional 50,459 shares during the last quarter. Summit Wealth Partners LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after acquiring an additional 957 shares during the period. Horizon Advisory Services Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 0.5% in the 2nd quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock worth $26,766,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Brown Financial Advisors bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $3,263,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $58.86 on Friday. The company has a market capitalization of $34.54 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $54.62 and a 1-year high of $60.88. The firm’s 50 day simple moving average is $59.49 and its two-hundred day simple moving average is $58.26.

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.