DAVENPORT & Co LLC Purchases 29,821 Shares of JPMorgan Equity Premium Income ETF $JEPI

DAVENPORT & Co LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,908 shares of the company’s stock after acquiring an additional 29,821 shares during the quarter. DAVENPORT & Co LLC owned about 0.06% of JPMorgan Equity Premium Income ETF worth $25,810,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clarity Asset Management Inc. bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $25,000. Asset Dedication LLC bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $28,000. BTG Pactual Asset Management US LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $31,000. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $33,000. Finally, VSM Wealth Advisory LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 84.1% during the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.73 on Thursday. The business’s 50 day moving average price is $58.41 and its 200-day moving average price is $57.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90. The company has a market cap of $41.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.