Mechanics Bank Trust Department Has $14.98 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Mechanics Bank Trust Department reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 262,353 shares of the company’s stock after selling 34,588 shares during the period. JPMorgan Equity Premium Income ETF comprises about 2.1% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 9th biggest position. Mechanics Bank Trust Department’s holdings in JPMorgan Equity Premium Income ETF were worth $14,980,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after purchasing an additional 401,771,477 shares in the last quarter. Bank of America Corp DE boosted its stake in JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after buying an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after acquiring an additional 1,327,996 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 9.9% during the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares during the period. Finally, Nationwide Fund Advisors bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $396,998,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of JEPI stock opened at $57.32 on Monday. The company has a market capitalization of $41.51 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.73. The firm has a 50-day moving average price of $57.20 and a 200 day moving average price of $56.93.

JPMorgan Equity Premium Income ETF Company 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.