Oakworth Capital Inc. Raises Holdings in JPMorgan Equity Premium Income ETF $JEPI

Oakworth Capital Inc. raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 667,969 shares of the company’s stock after purchasing an additional 15,480 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 2.2% of Oakworth Capital Inc.’s portfolio, making the stock its 14th biggest holding. Oakworth Capital Inc. owned approximately 0.09% of JPMorgan Equity Premium Income ETF worth $38,141,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JEPI. Nationwide Fund Advisors purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $396,998,000. Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the last quarter. Hamilton Capital LLC purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $72,373,000. Bank of New York Mellon Corp boosted its stake in JPMorgan Equity Premium Income ETF by 191.5% during the second quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock worth $97,120,000 after buying an additional 1,122,256 shares during the period. Finally, RiverFront Investment Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after acquiring an additional 859,879 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.56 on Friday. The company’s 50 day simple moving average is $57.82 and its 200-day simple moving average is $57.16. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The company has a market capitalization of $43.01 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.