Private Wealth Partners LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Private Wealth Partners LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,001 shares of the company’s stock, valued at approximately $956,000.

Several other large investors have also recently bought and sold shares of JEPI. Envestnet Asset Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after acquiring an additional 146,792 shares in the last quarter. Royal Bank of Canada grew its stake in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after acquiring an additional 449,485 shares in the last quarter. Cetera Investment Advisers grew its stake in JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after purchasing an additional 107,684 shares during the period. Finally, Cornerstone Advisory LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3.5% in the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after purchasing an additional 68,589 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.8%

Shares of JEPI traded down $0.44 during trading hours on Friday, reaching $56.85. The company’s stock had a trading volume of 3,958,669 shares, compared to its average volume of 5,106,070. The company has a 50 day moving average of $56.97 and a two-hundred day moving average of $56.77. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.

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.