FineMark National Bank & Trust Buys 1,234 Shares of JPMorgan Equity Premium Income ETF $JEPI

FineMark National Bank & Trust grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,224 shares of the company’s stock after purchasing an additional 1,234 shares during the period. FineMark National Bank & Trust’s holdings in JPMorgan Equity Premium Income ETF were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEPI. Bartlett & CO. Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% in the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $32,000. Finally, Vision Financial Markets LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth about $47,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $55.85 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $60.88. The firm has a 50-day simple moving average of $56.82 and a two-hundred day simple moving average of $56.57. The company has a market cap of $39.98 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Company 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.