Bellevue Asset Management LLC Purchases 599 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bellevue Asset Management LLC lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,419 shares of the company’s stock after acquiring an additional 599 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 1.6% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Bellevue Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JEPI. Global Assets Advisory LLC grew its stake 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 valued at $356,724,000 after purchasing an additional 6,061,819 shares during the last quarter. Cetera Investment Advisers grew its stake in JPMorgan Equity Premium Income ETF by 406.2% in the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock valued at $239,292,000 after purchasing an additional 3,318,702 shares during the last quarter. Rational Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at about $47,650,000. JPMorgan Chase & Co. grew its stake in JPMorgan Equity Premium Income ETF by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares during the last quarter. Finally, First Foundation Advisors grew its stake in JPMorgan Equity Premium Income ETF by 91.9% in the first quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock valued at $69,611,000 after purchasing an additional 576,068 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI traded up $0.28 on Friday, hitting $58.83. The company had a trading volume of 2,154,035 shares, compared to its average volume of 3,235,844. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $58.85. The stock has a market capitalization of $34.52 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The stock has a fifty day moving average price of $56.93 and a 200-day moving average price of $56.78.

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.