Janney Montgomery Scott LLC Increases Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Janney Montgomery Scott LLC lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,477,365 shares of the company’s stock after buying an additional 18,042 shares during the quarter. Janney Montgomery Scott LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $141,557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Bank of Jackson Hole Trust bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. Duncker Streett & Co. Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Crowley Wealth Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $32,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at $36,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.04 on Monday. The stock has a market capitalization of $39.89 billion, a PE ratio of 24.45 and a beta of 0.60. The company’s fifty day moving average is $55.26 and its 200 day moving average is $57.17. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.88.

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.