Focus Partners Wealth Increases Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Focus Partners Wealth boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 45.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 563,962 shares of the company’s stock after purchasing an additional 175,652 shares during the period. Focus Partners Wealth’s holdings in JPMorgan Equity Premium Income ETF were worth $32,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $322,301,000. JPMorgan Chase & Co. boosted its position 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 valued at $1,332,380,000 after buying an additional 3,536,406 shares during the period. Wells Fargo & Company MN grew its stake in shares of JPMorgan Equity Premium Income ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock valued at $837,352,000 after buying an additional 2,051,299 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 4,498.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after buying an additional 1,273,452 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $53,537,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $55.65 on Friday. The business has a 50-day moving average of $55.54 and a 200 day moving average of $57.82. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The stock has a market capitalization of $38.53 billion, a PE ratio of 23.72 and a beta of 0.61.

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.