Ellis Investment Partners LLC Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Ellis Investment Partners LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 151,655 shares of the company’s stock after purchasing an additional 15,058 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.9% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 12th largest position. Ellis Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Morgan Stanley lifted its position in JPMorgan Equity Premium Income ETF by 12.1% in the third quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock valued at $1,751,195,000 after purchasing an additional 3,531,562 shares during the last quarter. International Assets Investment Management LLC bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $647,943,000. Royal Bank of Canada lifted its position in 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 lifted its position in JPMorgan Equity Premium Income ETF by 5,858.1% in the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock valued at $356,724,000 after purchasing an additional 6,061,819 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in JPMorgan Equity Premium Income ETF by 5.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,836,775 shares of the company’s stock valued at $320,906,000 after purchasing an additional 315,588 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.0 %

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.71 on Thursday. The company has a market cap of $33.28 billion, a PE ratio of 24.40 and a beta of 0.53. The business has a 50 day moving average of $56.54 and a 200 day moving average of $56.29. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $57.94.

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.