First Citizens Bank & Trust Co. Invests $636,000 in JPMorgan Equity Premium Income ETF $JEPI

First Citizens Bank & Trust Co. acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,194 shares of the company’s stock, valued at approximately $636,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlas Capital Advisors Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 12.1% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,670 shares of the company’s stock worth $267,000 after buying an additional 504 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 8.2% in the first quarter. GAMMA Investing LLC now owns 130,565 shares of the company’s stock worth $7,460,000 after acquiring an additional 9,934 shares during the period. Coastline Trust Co increased its stake in shares of JPMorgan Equity Premium Income ETF by 14.0% in the second quarter. Coastline Trust Co now owns 1,981 shares of the company’s stock worth $113,000 after acquiring an additional 243 shares during the period. Grandview Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 8.6% in the second quarter. Grandview Asset Management LLC now owns 14,976 shares of the company’s stock worth $851,000 after acquiring an additional 1,181 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.1% in the second quarter. Parallel Advisors LLC now owns 45,589 shares of the company’s stock worth $2,592,000 after acquiring an additional 1,372 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $57.46 on Friday. The firm has a market capitalization of $41.21 billion, a P/E ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The company’s fifty day moving average price is $56.93 and its 200-day moving average price is $56.27.

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.