Raymond James Financial Services Advisors Inc. Acquires 703,731 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Raymond James Financial Services Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 39.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,503,336 shares of the company’s stock after purchasing an additional 703,731 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.43% of JPMorgan Equity Premium Income ETF worth $144,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley raised its position in JPMorgan Equity Premium Income ETF by 12.1% in the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock valued at $1,751,195,000 after buying an additional 3,531,562 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $647,943,000. Royal Bank of Canada raised its holdings in shares of JPMorgan Equity Premium Income ETF by 15.3% in the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock valued at $371,576,000 after purchasing an additional 922,303 shares during the last quarter. Global Assets Advisory LLC increased its stake in JPMorgan Equity Premium Income ETF by 5,858.1% in the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock valued at $356,724,000 after buying an additional 6,061,819 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 5.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,836,775 shares of the company’s stock valued at $320,906,000 after acquiring an additional 315,588 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.9 %

JEPI stock traded down $0.51 during midday trading on Tuesday, hitting $55.93. The company’s stock had a trading volume of 2,658,566 shares, compared to its average volume of 3,556,173. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $57.94. The stock has a market cap of $32.76 billion, a price-to-earnings ratio of 24.51 and a beta of 0.54. The stock’s 50-day moving average price is $56.84 and its 200 day moving average price is $55.45.

JPMorgan Equity Premium Income ETF 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.