Ebert Capital Management Inc. Acquires New Shares in JPMorgan Equity Premium Income ETF $JEPI

Ebert Capital Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, HoldingsChannel.com reports. The fund acquired 13,938 shares of the company’s stock, valued at approximately $784,000. JPMorgan Equity Premium Income ETF makes up about 0.7% of Ebert Capital Management Inc.’s portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after buying an additional 146,792 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after acquiring an additional 449,485 shares during the period. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after acquiring an additional 553,011 shares during the period. MML Investors Services LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 8.1% in the fourth quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after purchasing an additional 230,264 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after purchasing an additional 107,684 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI traded up $0.09 during mid-day trading on Thursday, hitting $56.54. 2,330,943 shares of the stock were exchanged, compared to its average volume of 5,156,851. The stock has a market capitalization of $45.62 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The firm’s 50-day simple moving average is $57.11 and its 200 day simple moving average is $56.71. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90.

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