Cullen Frost Bankers Inc. Buys 27,881 Shares of JPMorgan Equity Premium Income ETF $JEPI

Cullen Frost Bankers Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 119.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,134 shares of the company’s stock after purchasing an additional 27,881 shares during the period. Cullen Frost Bankers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,920,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of JEPI. Nationwide Fund Advisors bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $396,998,000. Envestnet Asset Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after acquiring an additional 1,327,996 shares during the last quarter. Hamilton Capital LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $72,373,000. Bank of New York Mellon Corp raised its stake in JPMorgan Equity Premium Income ETF by 191.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after acquiring an additional 1,122,256 shares during the period. Finally, RiverFront Investment Group LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after purchasing an additional 859,879 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

Shares of NYSEARCA:JEPI opened at $58.61 on Tuesday. The firm has a market capitalization of $42.94 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a 50-day moving average price of $57.64 and a two-hundred day moving average price of $57.11. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73.

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.