First Citizens Bank & Trust Co. Buys New Stake in JPMorgan Equity Premium Income ETF $JEPI

First Citizens Bank & Trust Co. bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 11,194 shares of the company’s stock, valued at approximately $636,000.

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its position in JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after acquiring an additional 401,771,477 shares during the period. JPMorgan Chase & Co. raised its position in JPMorgan Equity Premium Income ETF by 35.9% during the first quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after acquiring an additional 7,443,750 shares during the period. Nationwide Fund Advisors acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $396,998,000. Raymond James Financial Inc. raised its position in JPMorgan Equity Premium Income ETF by 14.9% during the first quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock worth $367,730,000 after acquiring an additional 833,285 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in JPMorgan Equity Premium Income ETF by 18.9% during the first quarter. Commonwealth Equity Services LLC now owns 4,903,295 shares of the company’s stock worth $280,174,000 after acquiring an additional 778,433 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $57.46 on Friday. The company has a fifty day moving average of $56.93 and a two-hundred day moving average of $56.27. The stock has a market capitalization of $41.21 billion, a PE ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two 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.