Bank of New York Mellon Corp Boosts Position in JPMorgan Equity Premium Income ETF $JEPI

Bank of New York Mellon Corp grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 191.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,708,349 shares of the company’s stock after acquiring an additional 1,122,256 shares during the period. Bank of New York Mellon Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $97,120,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JEPI. Bartlett & CO. Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at $29,000. Millstone Evans Group LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter worth $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $32,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.45 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88. The stock has a fifty day moving average of $56.87 and a 200 day moving average of $56.46. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of 23.93 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.