JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,312,713 shares of the company’s stock after buying an additional 146,792 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $638,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares during the last quarter. Cetera Investment Advisers boosted its position in JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares in the last quarter. MML Investors Services LLC grew its holdings in JPMorgan Equity Premium Income ETF by 8.1% in the fourth quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after purchasing an additional 230,264 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,003,765 shares of the company’s stock valued at $171,936,000 after acquiring an additional 72,427 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in JPMorgan Equity Premium Income ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after purchasing an additional 107,684 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock traded down $0.16 during trading on Wednesday, hitting $56.58. The stock had a trading volume of 3,533,485 shares, compared to its average volume of 5,212,178. The company’s 50 day moving average price is $57.19 and its two-hundred day moving average price is $56.81. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The stock has a market cap of $45.55 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.