JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stake Boosted by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,975 shares of the company’s stock after buying an additional 8,798 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 2.7% of Lowe Wealth Advisors LLC’s portfolio, making the stock its 10th largest position. Lowe Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Private Trust Co. grew its stake in JPMorgan Equity Premium Income ETF by 3.0% in the fourth quarter. Legacy Private Trust Co. now owns 146,440 shares of the company’s stock worth $8,425,000 after purchasing an additional 4,268 shares during the period. First Hawaiian Bank purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $1,533,000. Private Client Services LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 9.2% in the 4th quarter. Private Client Services LLC now owns 40,513 shares of the company’s stock worth $2,331,000 after acquiring an additional 3,399 shares in the last quarter. International Assets Investment Management LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $12,245,000. Finally, Bank of New Hampshire boosted its stake in JPMorgan Equity Premium Income ETF by 45.5% during the fourth quarter. Bank of New Hampshire now owns 15,675 shares of the company’s stock worth $902,000 after acquiring an additional 4,900 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 1.4 %

JEPI traded down $0.83 during midday trading on Friday, reaching $57.06. The company’s stock had a trading volume of 5,888,848 shares, compared to its average volume of 4,190,121. The stock’s 50-day moving average is $59.18 and its 200-day moving average is $58.36. JPMorgan Equity Premium Income ETF has a 1 year low of $54.72 and a 1 year high of $60.88. The firm has a market capitalization of $33.48 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.