Mechanics Bank Trust Department Has $12.99 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Mechanics Bank Trust Department trimmed its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.7% in the second quarter, Holdings Channel.com reports. The firm owned 229,937 shares of the company’s stock after selling 24,832 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 1.6% of Mechanics Bank Trust Department’s portfolio, making the stock its 14th largest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Equity Premium Income ETF were worth $12,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC grew its position in JPMorgan Equity Premium Income ETF by 2.7% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock valued at $369,000 after purchasing an additional 171 shares in the last quarter. Wealth Effects LLC lifted its position in JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after buying an additional 173 shares in the last quarter. Aspen Wealth Strategies LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 4.5% during the 4th quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after buying an additional 174 shares during the period. Morey & Quinn Wealth Partners LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 4.9% during the 4th quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after buying an additional 175 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 9.0% during the 1st quarter. 3Chopt Investment Partners LLC now owns 2,143 shares of the company’s stock valued at $121,000 after buying an additional 177 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

JPMorgan Equity Premium Income ETF stock opened at $57.51 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market cap of $45.87 billion, a P/E ratio of 23.93 and a beta of 0.53. The company’s fifty day simple moving average is $56.40 and its 200-day simple moving average is $57.19.

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.