Raymond James Financial Inc. Invests $322.30 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Raymond James Financial Inc. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,602,309 shares of the company’s stock, valued at approximately $322,301,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JEPI. Bank of Jackson Hole Trust purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. Duncker Streett & Co. Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. Ulland Investment Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $31,000. Creative Capital Management Investments LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $32,000. Finally, Running Point Capital Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $57.86 on Friday. The firm has a market cap of $38.68 billion, a P/E ratio of 25.75 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a 50-day simple moving average of $58.62 and a 200-day simple moving average of $58.97.

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.