Eastern Bank Takes $8.42 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Eastern Bank acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 141,497 shares of the company’s stock, valued at approximately $8,420,000.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in JPMorgan Equity Premium Income ETF by 22.2% in the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock worth $137,258,000 after acquiring an additional 439,155 shares during the period. Independence Bank of Kentucky grew its position in JPMorgan Equity Premium Income ETF by 14.3% in the first quarter. Independence Bank of Kentucky now owns 13,290 shares of the company’s stock worth $769,000 after acquiring an additional 1,660 shares during the period. Fiduciary Alliance LLC purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter worth approximately $202,000. Marshall Financial Group LLC grew its position in JPMorgan Equity Premium Income ETF by 132.0% in the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after acquiring an additional 63,018 shares during the period. Finally, Park Avenue Securities LLC grew its position in JPMorgan Equity Premium Income ETF by 82.3% in the first quarter. Park Avenue Securities LLC now owns 17,101 shares of the company’s stock worth $989,000 after acquiring an additional 7,719 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.1 %

JPMorgan Equity Premium Income ETF stock traded down $0.07 during mid-day trading on Tuesday, hitting $59.58. The company’s stock had a trading volume of 1,564,496 shares, compared to its average volume of 3,135,008. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $59.97. The stock’s fifty day moving average is $58.70 and its two-hundred day moving average is $57.29. The firm has a market capitalization of $34.96 billion, a PE ratio of 24.40 and a beta of 0.53.

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.