DAVENPORT & Co LLC Boosts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

DAVENPORT & Co LLC grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPIFree Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,450 shares of the company’s stock after buying an additional 17,902 shares during the period. DAVENPORT & Co LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,086,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Morgan Stanley lifted its holdings in JPMorgan Equity Premium Income ETF by 12.1% in the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after purchasing an additional 3,531,562 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $460,136,000. Royal Bank of Canada raised its holdings in shares of JPMorgan Equity Premium Income ETF by 15.3% during the 3rd quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after acquiring an additional 922,303 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 22.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,150,578 shares of the company’s stock worth $340,041,000 after acquiring an additional 1,118,083 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of JPMorgan Equity Premium Income ETF by 21.5% during the 3rd quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock worth $310,410,000 after acquiring an additional 1,024,956 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $57.12 on Wednesday. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 21.55 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $57.94. The business’s 50 day simple moving average is $56.74 and its 200-day simple moving average is $55.10.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd will be issued a dividend of $0.3452 per share. The ex-dividend date of this dividend is Monday, April 1st.

JPMorgan Equity Premium Income ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

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