Northwestern Mutual Wealth Management Co. Has $171.94 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Northwestern Mutual Wealth Management Co. increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,003,765 shares of the company’s stock after buying an additional 72,427 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.41% of JPMorgan Equity Premium Income ETF worth $171,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after buying an additional 493,639 shares in the last quarter. Raymond James Financial Inc. lifted its position in JPMorgan Equity Premium Income ETF by 2.8% during the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after buying an additional 201,202 shares in the last quarter. Nationwide Fund Advisors raised its position in JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after purchasing an additional 51,190 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its position in JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.20 on Friday. The company has a 50 day moving average price of $56.70 and a 200 day moving average price of $57.55. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90. The stock has a market capitalization of $44.53 billion, a PE ratio of 23.93 and a beta of 0.56.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.