New Century Financial Group LLC Grows Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

New Century Financial Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.5% in the fourth quarter, Holdings Channel reports. The firm owned 33,645 shares of the company’s stock after purchasing an additional 4,771 shares during the period. JPMorgan Equity Premium Income ETF makes up about 0.8% of New Century Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position. New Century Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JEPI. JPMorgan Chase & Co. grew its stake in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after buying an additional 3,536,406 shares during the period. Cetera Investment Advisers boosted its position in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after purchasing an additional 52,301 shares during the period. Commonwealth Equity Services LLC boosted its position in JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after purchasing an additional 285,180 shares during the period. HighTower Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock valued at $212,643,000 after purchasing an additional 83,858 shares in the last quarter. Finally, RiverFront Investment Group LLC raised its position in JPMorgan Equity Premium Income ETF by 5.9% in the second quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after purchasing an additional 166,821 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.14 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business has a 50-day moving average of $58.93 and a 200-day moving average of $58.48.

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.