M&T Bank Corp Makes New $248,000 Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

M&T Bank Corp bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,332 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEPI. Brighton Jones LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $402,000. Thrivent Financial for Lutherans boosted its stake in shares of JPMorgan Equity Premium Income ETF by 8.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 156,056 shares of the company’s stock worth $9,273,000 after buying an additional 12,654 shares during the last quarter. Fiduciary Group LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $308,000. AllSquare Wealth Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 8.3% in the 4th quarter. AllSquare Wealth Management LLC now owns 18,568 shares of the company’s stock worth $1,068,000 after purchasing an additional 1,418 shares during the period. Finally, Wealth Advisors of Iowa LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 4.2% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 242,254 shares of the company’s stock worth $13,937,000 after purchasing an additional 9,754 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

NYSEARCA:JEPI opened at $56.97 on Friday. The stock has a market capitalization of $41.14 billion, a PE ratio of 23.93 and a beta of 0.62. The firm’s 50 day moving average is $56.26 and its 200 day moving average is $56.76. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month 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.