Fountainhead AM LLC Purchases 2,831 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fountainhead AM LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 46.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,924 shares of the company’s stock after buying an additional 2,831 shares during the quarter. Fountainhead AM LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley grew its position in shares of JPMorgan Equity Premium Income ETF by 12.1% during the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after buying an additional 3,531,562 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $647,943,000. Royal Bank of Canada grew its position in shares of JPMorgan Equity Premium Income ETF by 15.3% during the 3rd quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after buying an additional 922,303 shares in the last quarter. UBS Group AG grew its position in shares of JPMorgan Equity Premium Income ETF by 21.5% during the 3rd quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock worth $310,410,000 after buying an additional 1,024,956 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 41.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,521,187 shares of the company’s stock worth $295,715,000 after buying an additional 1,618,295 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock traded up $0.45 during trading on Tuesday, reaching $56.38. 3,797,353 shares of the company traded hands, compared to its average volume of 3,597,098. JPMorgan Equity Premium Income ETF has a 12 month low of $51.38 and a 12 month high of $57.94. The business has a 50 day simple moving average of $56.83 and a 200 day simple moving average of $55.37. The company has a market capitalization of $33.02 billion, a price-to-earnings ratio of 24.51 and a beta of 0.54.

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.