JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Purchased by Herbst Group LLC

Herbst Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,584 shares of the company’s stock after acquiring an additional 685 shares during the quarter. Herbst Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,803,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JEPI. Moneta Group Investment Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $460,136,000. JPMorgan Chase & Co. boosted its position in JPMorgan Equity Premium Income ETF by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 26,574,339 shares of the company’s stock worth $1,450,959,000 after acquiring an additional 7,144,154 shares during the last quarter. Bank of America Corp DE boosted its position in JPMorgan Equity Premium Income ETF by 34.2% during the fourth quarter. Bank of America Corp DE now owns 19,174,676 shares of the company’s stock worth $1,044,828,000 after acquiring an additional 4,884,910 shares during the last quarter. Morgan Stanley raised its stake in JPMorgan Equity Premium Income ETF by 27.5% during the fourth 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 period. Finally, First Republic Investment Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the first quarter worth approximately $181,377,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI traded down $0.26 during trading hours on Tuesday, reaching $55.02. 824,415 shares of the company were exchanged, compared to its average volume of 4,535,558. The firm has a market cap of $28.50 billion, a price-to-earnings ratio of 21.55 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52-week low of $49.92 and a 52-week high of $56.92. The stock has a 50 day simple moving average of $55.31 and a 200 day simple moving average of $54.66.

JPMorgan Equity Premium Income ETF Company 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.