Envestnet Asset Management Inc. Purchases 484,267 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Envestnet Asset Management Inc. boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,836,665 shares of the company’s stock after purchasing an additional 484,267 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $393,313,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JEPI. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $322,301,000. JPMorgan Chase & Co. increased its stake in JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after buying an additional 3,536,406 shares during the last quarter. Wells Fargo & Company MN lifted its position in JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after buying an additional 2,051,299 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 4,498.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after buying an additional 1,273,452 shares during the last quarter. Finally, Eaton Financial Holdings Company LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at about $51,202,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $52.14 on Friday. The business’s 50-day simple moving average is $58.09 and its 200 day simple moving average is $58.76. JPMorgan Equity Premium Income ETF has a 52-week low of $52.10 and a 52-week high of $60.88. The firm has a market capitalization of $35.99 billion, a PE ratio of 24.88 and a beta of 0.61.

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.