199,068 Shares of JPMorgan Equity Premium Income ETF $JEPI Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 199,068 shares of the company’s stock, valued at approximately $11,192,000. JPMorgan Equity Premium Income ETF accounts for about 1.5% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also recently bought and sold shares of JEPI. Fagan Associates Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $14,689,000. Lineweaver Wealth Advisors LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.6% during the third quarter. Lineweaver Wealth Advisors LLC now owns 11,301 shares of the company’s stock worth $635,000 after purchasing an additional 177 shares during the period. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $4,790,000. Financial Futures Ltd Liability Co. raised its position in shares of JPMorgan Equity Premium Income ETF by 8.1% in the third quarter. Financial Futures Ltd Liability Co. now owns 283,765 shares of the company’s stock valued at $15,953,000 after buying an additional 21,167 shares in the last quarter. Finally, Ring Mountain Capital LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 6.7% in the third quarter. Ring Mountain Capital LLC now owns 51,268 shares of the company’s stock valued at $2,882,000 after buying an additional 3,229 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock traded down $0.03 during trading on Tuesday, hitting $56.93. The company had a trading volume of 3,629,416 shares, compared to its average volume of 5,141,550. The firm has a market capitalization of $45.86 billion, a P/E ratio of 23.93 and a beta of 0.53. The stock’s 50-day moving average price is $57.07 and its 200 day moving average price is $56.72. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year 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.