D.A. Davidson & CO. Makes New $16.26 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

D.A. Davidson & CO. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 289,205 shares of the company’s stock, valued at approximately $16,259,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings 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 in the last quarter. Royal Bank of Canada boosted its stake in JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after buying an additional 449,485 shares in the last quarter. Cetera Investment Advisers boosted its stake in JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after buying an additional 553,011 shares in the last quarter. Cornerstone Advisory LLC grew its position in JPMorgan Equity Premium Income ETF by 3.5% in the first quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after acquiring an additional 68,589 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in JPMorgan Equity Premium Income ETF by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,929,732 shares of the company’s stock valued at $109,377,000 after acquiring an additional 278,868 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.8%

Shares of NYSEARCA JEPI opened at $57.93 on Friday. The company has a market cap of $46.49 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a 50-day moving average price of $56.94 and a two-hundred day moving average price of $57.18.

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.