MADDEN SECURITIES Corp Has $17.50 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

MADDEN SECURITIES Corp increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 307,785 shares of the company’s stock after purchasing an additional 3,410 shares during the period. JPMorgan Equity Premium Income ETF makes up 5.9% of MADDEN SECURITIES Corp’s holdings, making the stock its 3rd largest position. MADDEN SECURITIES Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $17,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its holdings 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 valued at $22,736,908,000 after purchasing an additional 401,771,477 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 35.9% in the first quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after buying an additional 7,443,750 shares during the last quarter. Royal Bank of Canada grew its stake in JPMorgan Equity Premium Income ETF by 10.5% in the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after buying an additional 772,858 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in JPMorgan Equity Premium Income ETF by 11.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock valued at $434,911,000 after buying an additional 774,664 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 14.9% in the 1st 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.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.97 on Tuesday. The stock has a market capitalization of $41.21 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. The company has a 50-day moving average of $56.76 and a two-hundred day moving average of $56.13. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88.

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.