Milestone Asset Management LLC Boosts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Milestone Asset Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.4% in the first quarter, HoldingsChannel reports. The firm owned 89,899 shares of the company’s stock after purchasing an additional 2,944 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 1.1% of Milestone Asset Management LLC’s portfolio, making the stock its 16th largest position. Milestone Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in JPMorgan Equity Premium Income ETF by 6,084.5% in the first quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after buying an additional 7,339,853 shares during the last quarter. Raymond James Financial Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth $322,301,000. JPMorgan Chase & Co. lifted its position in JPMorgan Equity Premium Income ETF by 18.8% in 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 last quarter. Wells Fargo & Company MN lifted its position in JPMorgan Equity Premium Income ETF by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after buying an additional 2,051,299 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in JPMorgan Equity Premium Income ETF by 4,498.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after buying an additional 1,273,452 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.0%

Shares of JEPI opened at $55.98 on Monday. The company has a market cap of $39.55 billion, a PE ratio of 24.55 and a beta of 0.61. The business has a fifty day moving average of $55.12 and a 200 day moving average of $57.46. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88.

JPMorgan Equity Premium Income ETF Company Profile

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.