Sandy Spring Bank Acquires 71,269 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sandy Spring Bank raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 734,893 shares of the company’s stock after purchasing an additional 71,269 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.7% of Sandy Spring Bank’s portfolio, making the stock its 11th largest position. Sandy Spring Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $42,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of 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 worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Raymond James Financial Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $322,301,000. Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 12.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,124,862 shares of the company’s stock worth $237,303,000 after purchasing an additional 459,845 shares during the period. HighTower Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.0% in the 4th quarter. HighTower Advisors LLC now owns 3,682,072 shares of the company’s stock worth $211,830,000 after purchasing an additional 108,546 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 16.9% in the 3rd quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock worth $155,331,000 after purchasing an additional 376,400 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $57.39 on Thursday. The company has a market capitalization of $39.23 billion, a P/E ratio of 24.79 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88. The company’s 50 day moving average price is $58.48 and its 200-day moving average price is $58.90.

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.