Royal Bank of Canada Increases Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Royal Bank of Canada boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,366,269 shares of the company’s stock after acquiring an additional 449,485 shares during the period. Royal Bank of Canada owned 1.06% of JPMorgan Equity Premium Income ETF worth $474,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 32.9% in the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock worth $2,198,000 after buying an additional 9,514 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 32.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock valued at $12,920,000 after acquiring an additional 55,610 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.8% during the 4th quarter. Apella Capital LLC now owns 347,881 shares of the company’s stock valued at $19,913,000 after acquiring an additional 9,499 shares during the last quarter. Leo Wealth LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $757,000. Finally, Decker Retirement Planning Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 231.2% during the fourth quarter. Decker Retirement Planning Inc. now owns 83,279 shares of the company’s stock valued at $4,767,000 after purchasing an additional 58,137 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.7%

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.48 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The company’s 50 day moving average is $56.27 and its 200 day moving average is $57.23. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

JPMorgan Equity Premium Income ETF Company 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.