SouthState Bank Corp Acquires New Shares in JPMorgan Equity Premium Income ETF $JEPI

SouthState Bank Corp bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,930 shares of the company’s stock, valued at approximately $620,000.

Several other institutional investors also recently bought and sold shares of the stock. Morgan Stanley lifted its position in shares of JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after buying an additional 261,872 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after acquiring an additional 825,889 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in 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 purchasing an additional 51,190 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in JPMorgan Equity Premium Income ETF by 7.2% in the 4th quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock worth $316,581,000 after purchasing an additional 370,330 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of JEPI stock opened at $56.62 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The business’s 50 day moving average is $56.13 and its two-hundred day moving average is $57.29. The company has a market cap of $45.07 billion, a PE ratio of 23.93 and a beta of 0.54.

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