DAVENPORT & Co LLC Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

DAVENPORT & Co LLC lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,908 shares of the company’s stock after purchasing an additional 29,821 shares during the period. DAVENPORT & Co LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $25,810,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in JEPI. Bank of America Corp DE boosted its position in JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after buying an additional 690,960 shares during the period. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after acquiring an additional 493,639 shares during the period. Raymond James Financial Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after acquiring an additional 201,202 shares during the period. Nationwide Fund Advisors raised its stake in shares of JPMorgan Equity Premium Income ETF by 0.8% during the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after acquiring an additional 55,467 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock valued at $355,327,000 after acquiring an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.73 on Thursday. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock has a 50 day moving average price of $58.41 and a 200 day moving average price of $57.60. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90.

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.