JPMorgan Equity Premium Income ETF $JEPI is First Foundation Advisors’ 5th Largest Position

First Foundation Advisors grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.2% during the fourth quarter, HoldingsChannel reports. The fund owned 1,511,059 shares of the company’s stock after acquiring an additional 17,778 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 3.2% of First Foundation Advisors’ holdings, making the stock its 5th largest position. First Foundation Advisors’ holdings in JPMorgan Equity Premium Income ETF were worth $86,493,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in JEPI. Bank of America Corp DE boosted its position in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after buying an additional 493,639 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 2.8% in the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after buying an additional 201,202 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 5.0% during the 2nd quarter. MML Investors Services LLC now owns 3,357,833 shares of the company’s stock worth $190,893,000 after acquiring an additional 158,645 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

NYSEARCA:JEPI opened at $56.08 on Wednesday. The stock has a market capitalization of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90. The firm has a 50 day moving average of $57.18 and a 200 day moving average of $57.62.

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