Sheets Smith Investment Management Acquires New Position in JPMorgan Equity Premium Income ETF $JEPI

Sheets Smith Investment Management acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,318 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after purchasing an additional 401,771,477 shares during the period. Bank of America Corp DE grew its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second 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 period. Envestnet Asset Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after purchasing an additional 1,327,996 shares during the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 10.5% in the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after purchasing an additional 772,858 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after buying an additional 636,586 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

Shares of JEPI opened at $57.41 on Friday. The stock has a market cap of $41.09 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The stock’s 50-day moving average price is $57.03 and its two-hundred day moving average price is $56.78.

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.