Sterling Investment Counsel LLC Purchases 46,257 Shares of JPMorgan Equity Premium Income ETF $JEPI

Sterling Investment Counsel LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 532,358 shares of the company’s stock after purchasing an additional 46,257 shares during the period. JPMorgan Equity Premium Income ETF accounts for 8.5% of Sterling Investment Counsel LLC’s holdings, making the stock its 2nd largest position. Sterling Investment Counsel LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $30,174,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley raised its position in shares of JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after buying an additional 261,872 shares during the period. Bank of America Corp DE lifted its holdings in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Raymond James Financial Inc. grew its position in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after acquiring an additional 825,889 shares during the period. Nationwide Fund Advisors grew its position in JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after acquiring an additional 51,190 shares during the period. Finally, Cetera Investment Advisers grew its position in JPMorgan Equity Premium Income ETF by 7.2% in the fourth quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock worth $316,581,000 after acquiring an additional 370,330 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.10 on Monday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock has a market cap of $44.45 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The business has a fifty day moving average of $56.48 and a two-hundred day moving average of $57.43.

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