JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Acquired by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 48,883 shares of the company’s stock after buying an additional 2,843 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 2.8% of M.E. Allison & CO. Inc.’s holdings, making the stock its 5th biggest holding. M.E. Allison & CO. Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in JPMorgan Equity Premium Income ETF by 1.6% during the 4th quarter. Bank of America Corp DE now owns 31,254,116 shares of the company’s stock valued at $1,798,049,000 after purchasing an additional 506,627 shares in the last quarter. Wells Fargo & Company MN increased its holdings in JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock valued at $837,352,000 after purchasing an additional 2,051,299 shares in the last quarter. GAMMA Investing LLC increased its holdings in JPMorgan Equity Premium Income ETF by 6,084.5% during the 1st quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock valued at $426,292,000 after purchasing an additional 7,339,853 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 10.8% during the 4th quarter. Royal Bank of Canada now owns 7,346,281 shares of the company’s stock valued at $422,631,000 after purchasing an additional 714,849 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 7.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,836,665 shares of the company’s stock valued at $393,313,000 after purchasing an additional 484,267 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.04 on Monday. The business has a fifty day moving average price of $55.26 and a 200 day moving average price of $57.17. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.88. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 24.45 and a beta of 0.60.

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.