Principal Securities Inc. Has $22.86 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Principal Securities Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.6% during the fourth quarter, Holdings Channel reports. The firm owned 397,336 shares of the company’s stock after buying an additional 62,223 shares during the period. Principal Securities Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $22,859,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in JEPI. JPMorgan Chase & Co. boosted its holdings in 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. Strategic Financial Concepts LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 4,498.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after purchasing an additional 1,273,452 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $51,202,000. World Investment Advisors LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 748.5% during the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after purchasing an additional 711,094 shares in the last quarter. Finally, Marks Wealth LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $29,284,000.

JPMorgan Equity Premium Income ETF Trading Down 0.2 %

NYSEARCA JEPI opened at $59.17 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88. The stock’s 50 day moving average is $58.58 and its two-hundred day moving average is $58.74. The company has a market capitalization of $34.72 billion, a price-to-earnings 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.