Gries Financial LLC Has $4.42 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Gries Financial LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 49.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,860 shares of the company’s stock after buying an additional 25,590 shares during the period. JPMorgan Equity Premium Income ETF accounts for 0.8% of Gries Financial LLC’s holdings, making the stock its 23rd largest holding. Gries Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JEPI. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in JPMorgan Equity Premium Income ETF by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after buying an additional 285,180 shares during the last quarter. HighTower Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 2.4% during the third quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock worth $212,643,000 after buying an additional 83,858 shares during the last quarter. RiverFront Investment Group LLC raised its stake in JPMorgan Equity Premium Income ETF by 5.9% during the second quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock worth $170,371,000 after buying an additional 166,821 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in JPMorgan Equity Premium Income ETF by 16.9% during the third quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock worth $155,331,000 after buying an additional 376,400 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.1 %

Shares of NYSEARCA JEPI opened at $58.94 on Thursday. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88. The firm has a fifty day simple moving average of $58.90 and a 200 day simple moving average of $58.57. The company has a market capitalization of $34.59 billion, a PE ratio of 24.40 and a beta of 0.53.

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.