Pinnacle Associates Ltd. Grows Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Pinnacle Associates Ltd. increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 683,775 shares of the company’s stock after purchasing an additional 5,209 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Equity Premium Income ETF were worth $38,873,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $402,000. Mather Group LLC. purchased a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $25,000. Fiduciary Group LLC raised its position in JPMorgan Equity Premium Income ETF by 104.1% in the first quarter. Fiduciary Group LLC now owns 10,922 shares of the company’s stock valued at $624,000 after purchasing an additional 5,572 shares during the period. Arlington Trust Co LLC raised its position in JPMorgan Equity Premium Income ETF by 140.0% in the first quarter. Arlington Trust Co LLC now owns 600 shares of the company’s stock valued at $34,000 after purchasing an additional 350 shares during the period. Finally, Novem Group raised its position in JPMorgan Equity Premium Income ETF by 8.9% in the first quarter. Novem Group now owns 24,781 shares of the company’s stock valued at $1,416,000 after purchasing an additional 2,032 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.0%

Shares of NYSEARCA JEPI opened at $56.91 on Friday. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88. The business’s 50 day moving average is $56.95 and its two-hundred day moving average is $56.35.

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.