Milestone Asset Management LLC Buys 10,291 Shares of JPMorgan Equity Premium Income ETF $JEPI

Milestone Asset Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 100,190 shares of the company’s stock after acquiring an additional 10,291 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 1.2% of Milestone Asset Management LLC’s holdings, making the stock its 17th biggest position. Milestone Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Kingstone Capital Partners Texas LLC lifted its stake in JPMorgan Equity Premium Income ETF by 387,324.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after acquiring an additional 401,771,477 shares during the period. JPMorgan Chase & Co. lifted its stake in JPMorgan Equity Premium Income ETF by 35.9% during the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock valued at $1,609,887,000 after acquiring an additional 7,443,750 shares during the period. Nationwide Fund Advisors bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $396,998,000. Envestnet Asset Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after acquiring an additional 1,327,996 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in JPMorgan Equity Premium Income ETF by 191.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after acquiring an additional 1,122,256 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.39 on Tuesday. The stock has a market capitalization of $40.37 billion, a P/E ratio of 23.93 and a beta of 0.60. The company’s 50-day simple moving average is $56.93 and its two-hundred day simple moving average is $56.42. 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 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.