Highland Capital Management LLC Takes Position in JPMorgan Equity Premium Income ETF $JEPI

Highland Capital Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,300 shares of the company’s stock, valued at approximately $756,000.

A number of other large investors have also recently bought and sold shares of JEPI. Kingstone Capital Partners Texas LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 387,324.3% during 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 purchasing an additional 401,771,477 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 35.9% during the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after buying an additional 7,443,750 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 14.9% in the first quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock valued at $367,730,000 after acquiring an additional 833,285 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 18.9% in the first quarter. Commonwealth Equity Services LLC now owns 4,903,295 shares of the company’s stock valued at $280,174,000 after acquiring an additional 778,433 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock worth $434,911,000 after acquiring an additional 774,664 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

JEPI stock opened at $57.03 on Monday. The business has a 50 day moving average price of $56.76 and a two-hundred day moving average price of $56.13. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $60.88.

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.