Advisor Resource Council Acquires New Shares in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Advisor Resource Council acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 1st quarter, Holdings Channel.com reports. The fund acquired 12,260 shares of the company’s stock, valued at approximately $674,000.

Several other institutional investors also recently modified their holdings of the business. Morgan Stanley boosted its position in shares of JPMorgan Equity Premium Income ETF by 12.1% during the third quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock valued at $1,751,195,000 after buying an additional 3,531,562 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at $647,943,000. Royal Bank of Canada boosted its position in shares of JPMorgan Equity Premium Income ETF by 15.3% during the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock valued at $371,576,000 after buying an additional 922,303 shares during the last quarter. Global Assets Advisory LLC boosted its position in JPMorgan Equity Premium Income ETF by 5,858.1% in the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after purchasing an additional 6,061,819 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in JPMorgan Equity Premium Income ETF by 5.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,836,775 shares of the company’s stock worth $320,906,000 after purchasing an additional 315,588 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.1 %

NYSEARCA:JEPI traded down $0.06 on Thursday, hitting $56.14. The stock had a trading volume of 2,345,787 shares, compared to its average volume of 3,278,742. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business’s 50-day simple moving average is $56.58 and its two-hundred day simple moving average is $56.34. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $57.94.

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.