JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,104,167 shares of the company’s stock after buying an additional 539,682 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $402,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JEPI. HHM Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $28,000. Larson Financial Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 129.8% during the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after acquiring an additional 314 shares in the last quarter. Burkett Financial Services LLC acquired a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $35,000. Morris Financial Concepts Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 114.1% in the first quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after purchasing an additional 331 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $38,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $58.83 on Friday. The firm has a 50 day simple moving average of $57.28 and a 200-day simple moving average of $56.91. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-year high of $58.88.

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.