VeraBank N.A. Purchases 13,840 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

VeraBank N.A. raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 185,939 shares of the company’s stock after purchasing an additional 13,840 shares during the period. JPMorgan Equity Premium Income ETF makes up 3.4% of VeraBank N.A.’s portfolio, making the stock its 8th biggest holding. VeraBank N.A.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. Sapient Capital LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $285,000. AdvisorNet Financial Inc grew its holdings in shares of JPMorgan Equity Premium Income ETF by 2.4% during the 4th quarter. AdvisorNet Financial Inc now owns 35,624 shares of the company’s stock worth $1,959,000 after purchasing an additional 830 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at about $111,000. Modera Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at about $207,000. Finally, Etesian Wealth Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 52.9% in the fourth quarter. Etesian Wealth Advisors Inc. now owns 8,331 shares of the company’s stock valued at $458,000 after buying an additional 2,881 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI traded up $0.37 during trading hours on Friday, hitting $56.06. The company’s stock had a trading volume of 3,612,419 shares, compared to its average volume of 3,540,817. The stock has a fifty day simple moving average of $56.77 and a 200-day simple moving average of $55.48. The company has a market capitalization of $32.90 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month 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.