TrustBank Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

TrustBank purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 69,668 shares of the company’s stock, valued at approximately $3,988,000. JPMorgan Equity Premium Income ETF comprises approximately 1.7% of TrustBank’s investment portfolio, making the stock its 13th largest holding.

Several other hedge funds also recently modified their holdings of JEPI. Tcfg Wealth Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after purchasing an additional 810,739 shares during the last quarter. RiverFront Investment Group LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 24.0% during the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after purchasing an additional 636,586 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of JPMorgan Equity Premium Income ETF by 40.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after purchasing an additional 581,218 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $56.22 on Wednesday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90. The stock has a market capitalization of $44.54 billion, a P/E ratio of 23.93 and a beta of 0.56. The firm’s 50-day moving average is $56.75 and its two-hundred day moving average is $57.56.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.