Pallas Capital Advisors LLC Purchases 3,471 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Pallas Capital Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 43,667 shares of the company’s stock after purchasing an additional 3,471 shares during the period. Pallas Capital Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in JPMorgan Equity Premium Income ETF by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after buying an additional 815,598 shares during the period. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after acquiring an additional 539,682 shares during the period. Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after acquiring an additional 52,301 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after purchasing an additional 285,180 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock worth $170,371,000 after purchasing an additional 166,821 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.2 %

Shares of NYSEARCA JEPI opened at $59.23 on Wednesday. The stock has a fifty day simple moving average of $58.93 and a two-hundred day simple moving average of $57.39. JPMorgan Equity Premium Income ETF has a 1-year low of $51.74 and a 1-year high of $59.97. The firm has a market cap of $34.76 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.