NewEdge Advisors LLC Acquires 19,332 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

NewEdge Advisors LLC boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,457 shares of the company’s stock after purchasing an additional 19,332 shares during the period. NewEdge Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $14,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $322,301,000. JPMorgan Chase & Co. grew its stake in JPMorgan Equity Premium Income ETF by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after purchasing an additional 2,051,299 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4,498.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after purchasing an additional 1,273,452 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $51,202,000.

JPMorgan Equity Premium Income ETF Trading Down 1.7 %

NYSEARCA:JEPI opened at $53.61 on Thursday. The firm has a fifty day simple moving average of $56.98 and a 200 day simple moving average of $58.36. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The stock has a market capitalization of $37.01 billion, a PE ratio of 24.88 and a beta of 0.61.

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.