Envestnet Portfolio Solutions Inc. Buys 57,172 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Envestnet Portfolio Solutions Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 33.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 225,877 shares of the company’s stock after acquiring an additional 57,172 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $12,995,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Frank Rimerman Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $582,000. Montis Financial LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 7.9% in the fourth quarter. Montis Financial LLC now owns 101,284 shares of the company’s stock valued at $5,827,000 after purchasing an additional 7,414 shares during the last quarter. J. L. Bainbridge & Co. Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 24.9% in the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 5,318 shares of the company’s stock valued at $306,000 after purchasing an additional 1,061 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 21.5% in the fourth quarter. Kestra Advisory Services LLC now owns 1,321,467 shares of the company’s stock valued at $76,024,000 after purchasing an additional 233,502 shares during the last quarter. Finally, Hilton Capital Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 10,733.3% in the fourth quarter. Hilton Capital Management LLC now owns 520,541 shares of the company’s stock valued at $29,947,000 after purchasing an additional 515,736 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $56.96 on Monday. The company has a market cap of $38.94 billion, a P/E ratio of 24.79 and a beta of 0.61. The stock’s 50-day moving average is $58.51 and its 200-day moving average is $58.93. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88.

JPMorgan Equity Premium Income ETF 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.