Accredited Investors Inc. Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Accredited Investors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,339 shares of the company’s stock, valued at approximately $437,000.

Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after acquiring an additional 539,682 shares during the period. Cetera Investment Advisers lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after purchasing an additional 52,301 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after purchasing an additional 285,180 shares during the period. RiverFront Investment Group LLC increased its position in JPMorgan Equity Premium Income ETF by 5.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock worth $170,371,000 after purchasing an additional 166,821 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 15.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,899,066 shares of the company’s stock valued at $164,319,000 after buying an additional 395,730 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.9 %

Shares of JEPI stock opened at $59.27 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.17 and a fifty-two week high of $60.20. The firm’s 50 day moving average price is $59.23 and its two-hundred day moving average price is $57.70. The stock has a market cap of $34.78 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.