Mechanics Bank Trust Department Decreases Stake in JPMorgan Equity Premium Income ETF $JEPI

Mechanics Bank Trust Department cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,353 shares of the company’s stock after selling 34,588 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 2.1% of Mechanics Bank Trust Department’s portfolio, making the stock its 9th largest position. Mechanics Bank Trust Department’s holdings in JPMorgan Equity Premium Income ETF were worth $14,980,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after acquiring an additional 401,771,477 shares during the last quarter. Nationwide Fund Advisors bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $396,998,000. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the last quarter. Hamilton Capital LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $72,373,000. Finally, Bank of New York Mellon Corp boosted its position in JPMorgan Equity Premium Income ETF by 191.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after buying an additional 1,122,256 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

JEPI stock opened at $57.32 on Monday. The company has a market cap of $41.51 billion, a P/E ratio of 23.93 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 $59.73. The business has a fifty day moving average of $57.20 and a 200-day moving average of $56.93.

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.