Goldman Sachs Group Inc. Takes Position in JPMorgan Equity Premium Income ETF $JEPI

Goldman Sachs Group Inc. bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,830 shares of the company’s stock, valued at approximately $847,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in JPMorgan Equity Premium Income ETF by 35.9% in the first quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after purchasing an additional 7,443,750 shares during the period. Royal Bank of Canada increased its position in JPMorgan Equity Premium Income ETF by 10.5% in the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock worth $463,927,000 after purchasing an additional 772,858 shares during the period. Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 11.3% in the first quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock worth $434,911,000 after purchasing an additional 774,664 shares during the period. GAMMA Investing LLC increased its position in JPMorgan Equity Premium Income ETF by 6,084.5% in the first quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after purchasing an additional 7,339,853 shares during the period. Finally, Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 14.9% in the first quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock worth $367,730,000 after purchasing an additional 833,285 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.0%

Shares of JEPI stock opened at $56.84 on Wednesday. The stock has a 50-day moving average price of $56.78 and a 200 day moving average price of $56.14. The firm has a market cap of $41.02 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. 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.