Fisher Asset Management LLC Invests $553,000 in JPMorgan Equity Premium Income ETF $JEPI

Fisher Asset Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,663 shares of the company’s stock, valued at approximately $553,000.

Several other institutional investors also recently modified their holdings of JEPI. Tcfg Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after buying an additional 810,739 shares during the period. RiverFront Investment Group LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 9.9% in the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after purchasing an additional 636,586 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of JPMorgan Equity Premium Income ETF by 40.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after purchasing an additional 581,218 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

NYSEARCA:JEPI opened at $56.04 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90. The firm has a market capitalization of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.56. The stock’s fifty day simple moving average is $56.68 and its 200-day simple moving average is $57.54.

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.