Midwest Trust Co Acquires 38,268 Shares of JPMorgan Equity Premium Income ETF $JEPI

Midwest Trust Co lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 471,546 shares of the company’s stock after buying an additional 38,268 shares during the quarter. Midwest Trust Co’s holdings in JPMorgan Equity Premium Income ETF were worth $26,727,000 at the end of the most recent quarter.

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

JPMorgan Equity Premium Income ETF Trading Up 0.2%

Shares of NYSEARCA JEPI traded up $0.13 during mid-day trading on Friday, reaching $56.76. The company had a trading volume of 3,315,346 shares, compared to its average volume of 5,517,202. The business’s 50-day moving average is $56.15 and its 200-day moving average is $57.32. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90.

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.