Eastern Bank Cuts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Eastern Bank lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 131,651 shares of the company’s stock after selling 9,846 shares during the period. Eastern Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $7,574,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of JPMorgan Equity Premium Income ETF by 18.8% during 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. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares in the last quarter. Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after purchasing an additional 52,301 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after purchasing an additional 285,180 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock valued at $212,643,000 after acquiring an additional 83,858 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.2 %

Shares of NYSEARCA:JEPI traded up $0.12 during trading on Monday, reaching $57.18. The company’s stock had a trading volume of 3,004,559 shares, compared to its average volume of 4,002,774. JPMorgan Equity Premium Income ETF has a 12 month low of $54.72 and a 12 month high of $60.88. The firm’s 50 day simple moving average is $59.16 and its two-hundred day simple moving average is $58.38. The stock has a market capitalization of $33.55 billion, a PE ratio of 24.40 and a beta of 0.53.

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.