JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Acquired by Herbst Group LLC

Herbst Group LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 64.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,059 shares of the company’s stock after acquiring an additional 32,449 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 3.0% of Herbst Group LLC’s holdings, making the stock its 10th largest position. Herbst Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Edgestream Partners L.P. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $375,000. Blair William & Co. IL increased its position in shares of JPMorgan Equity Premium Income ETF by 10.7% in the 2nd quarter. Blair William & Co. IL now owns 128,675 shares of the company’s stock valued at $7,293,000 after purchasing an additional 12,472 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 14.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 41,666 shares of the company’s stock valued at $2,362,000 after purchasing an additional 5,300 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 11.3% in the 2nd quarter. AE Wealth Management LLC now owns 224,140 shares of the company’s stock valued at $12,704,000 after purchasing an additional 22,698 shares during the period. Finally, Garden State Investment Advisory Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 7.9% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 94,821 shares of the company’s stock worth $5,378,000 after acquiring an additional 6,941 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $58.50 on Friday. The stock has a fifty day moving average price of $59.02 and a two-hundred day moving average price of $58.42. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a market capitalization of $34.33 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.