Valley National Advisers Inc. Buys 321 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Valley National Advisers Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 43.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,059 shares of the company’s stock after acquiring an additional 321 shares during the quarter. Valley National Advisers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in JEPI. International Assets Investment Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $647,943,000. Global Assets Advisory LLC increased its holdings 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 in the last quarter. Morgan Stanley increased its holdings in JPMorgan Equity Premium Income ETF by 12.1% in the third quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after purchasing an additional 3,531,562 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 15.3% in the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after purchasing an additional 922,303 shares in the last quarter. Finally, Comerica Bank bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth approximately $31,745,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI traded down $0.05 during midday trading on Wednesday, hitting $56.15. 2,345,786 shares of the stock traded hands, compared to its average volume of 3,278,742. The company has a market cap of $32.95 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $57.94. The business has a 50 day moving average price of $56.58 and a two-hundred day moving average price of $56.34.

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.