Farther Finance Advisors LLC Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Farther Finance Advisors LLC grew its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 332.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,026 shares of the company’s stock after purchasing an additional 139,186 shares during the period. Farther Finance Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.6% in the 4th quarter. Bank of America Corp DE now owns 31,254,116 shares of the company’s stock worth $1,798,049,000 after buying an additional 506,627 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock valued at $837,352,000 after buying an additional 2,051,299 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 6,084.5% during the first quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock valued at $426,292,000 after purchasing an additional 7,339,853 shares during the last quarter. Royal Bank of Canada boosted its holdings in JPMorgan Equity Premium Income ETF by 10.8% in the fourth quarter. Royal Bank of Canada now owns 7,346,281 shares of the company’s stock worth $422,631,000 after acquiring an additional 714,849 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 7.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,836,665 shares of the company’s stock valued at $393,313,000 after purchasing an additional 484,267 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

Shares of NYSEARCA JEPI opened at $56.03 on Monday. The firm has a market cap of $39.88 billion, a P/E ratio of 24.45 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $60.88. The company has a 50 day moving average of $54.99 and a 200 day moving average of $57.33.

About JPMorgan Equity Premium Income ETF

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.