JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Position Increased by Mechanics Bank Trust Department

Mechanics Bank Trust Department grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 336,755 shares of the company’s stock after purchasing an additional 9,777 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.6% of Mechanics Bank Trust Department’s holdings, making the stock its 5th biggest position. Mechanics Bank Trust Department’s holdings in JPMorgan Equity Premium Income ETF were worth $19,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. Salomon & Ludwin LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $25,000. Running Point Capital Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after acquiring an additional 362 shares during the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after acquiring an additional 255 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at $49,000. Finally, Abound Wealth Management increased its position in JPMorgan Equity Premium Income ETF by 1,320.8% during the 4th quarter. Abound Wealth Management now owns 1,094 shares of the company’s stock worth $63,000 after purchasing an additional 1,017 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

Shares of JEPI stock opened at $58.50 on Monday. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The firm has a 50-day moving average price of $59.02 and a 200 day moving average price of $58.44.

About JPMorgan Equity Premium Income ETF

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.