JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Acquired by Sandy Spring Bank

Sandy Spring Bank lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 770,714 shares of the company’s stock after purchasing an additional 35,821 shares during the period. JPMorgan Equity Premium Income ETF makes up about 1.9% of Sandy Spring Bank’s investment portfolio, making the stock its 11th biggest position. Sandy Spring Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $44,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JEPI. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $402,000. O Shaughnessy Asset Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 15.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,439 shares of the company’s stock worth $198,000 after acquiring an additional 470 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $7,026,000. Financial Alternatives Inc increased its stake in JPMorgan Equity Premium Income ETF by 2.9% during the fourth quarter. Financial Alternatives Inc now owns 112,635 shares of the company’s stock worth $6,480,000 after acquiring an additional 3,152 shares during the last quarter. Finally, O ROURKE & COMPANY Inc increased its stake in JPMorgan Equity Premium Income ETF by 4.4% during the fourth quarter. O ROURKE & COMPANY Inc now owns 79,449 shares of the company’s stock worth $4,571,000 after acquiring an additional 3,325 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

JEPI stock opened at $56.06 on Monday. The business has a fifty day moving average of $56.45 and a two-hundred day moving average of $56.59. The stock has a market cap of $40.46 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88.

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.