Crescent Grove Advisors LLC Boosts Stake in JPMorgan Equity Premium Income ETF $JEPI

Crescent Grove Advisors LLC increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 163.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,798 shares of the company’s stock after acquiring an additional 9,184 shares during the period. Crescent Grove Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC grew its holdings in JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. RiverFront Investment Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the last quarter. Bank of America Corp DE lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Raymond James Financial Inc. grew its stake in JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after purchasing an additional 636,586 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in JPMorgan Equity Premium Income ETF by 191.9% in the fourth quarter. New York Life Investment Management LLC now owns 727,039 shares of the company’s stock worth $41,616,000 after purchasing an additional 477,935 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

Shares of NYSEARCA JEPI opened at $55.71 on Friday. The stock’s 50 day moving average price is $56.60 and its two-hundred day moving average price is $57.51. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock has a market capitalization of $44.14 billion, a P/E ratio of 23.93 and a beta of 0.54.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.