Auour Investments LLC Purchases New Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Auour Investments LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 16,736 shares of the company’s stock, valued at approximately $926,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth $460,136,000. JPMorgan Chase & Co. lifted its holdings in JPMorgan Equity Premium Income ETF by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 26,574,339 shares of the company’s stock worth $1,450,959,000 after buying an additional 7,144,154 shares in the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Equity Premium Income ETF by 34.2% in the 4th quarter. Bank of America Corp DE now owns 19,174,676 shares of the company’s stock worth $1,044,828,000 after buying an additional 4,884,910 shares in the last quarter. Morgan Stanley increased its holdings in JPMorgan Equity Premium Income ETF by 27.5% during the 4th quarter. Morgan Stanley now owns 21,184,968 shares of the company’s stock worth $1,154,369,000 after purchasing an additional 4,567,129 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $181,377,000.

JPMorgan Equity Premium Income ETF Trading Down 0.4 %

JEPI stock traded down $0.25 during midday trading on Friday, hitting $55.34. 1,000,882 shares of the company’s stock were exchanged, compared to its average volume of 4,554,861. JPMorgan Equity Premium Income ETF has a 12-month low of $49.92 and a 12-month high of $56.92. The firm has a 50 day moving average price of $55.29 and a 200-day moving average price of $54.63. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 21.55 and a beta of 0.62.

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.