Eastern Bank Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Eastern Bank bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, Holdings Channel reports. The institutional investor bought 141,497 shares of the company’s stock, valued at approximately $8,420,000.

Other large investors also recently made changes to their positions in the company. Mattern Wealth Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.2% during the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after acquiring an additional 174 shares during the period. Empirical Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% during the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock valued at $278,000 after acquiring an additional 179 shares during the period. Fluent Financial LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.2% during the first quarter. Fluent Financial LLC now owns 4,467 shares of the company’s stock valued at $258,000 after acquiring an additional 181 shares during the period. FSC Wealth Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.9% during the second quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock valued at $384,000 after acquiring an additional 188 shares during the period. Finally, Hixon Zuercher LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.7% during the second quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock valued at $302,000 after acquiring an additional 190 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI traded down $0.07 during mid-day trading on Tuesday, reaching $59.58. 1,564,496 shares of the company traded hands, compared to its average volume of 3,135,008. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $59.97. The firm has a market cap of $34.96 billion, a PE ratio of 24.40 and a beta of 0.53. The stock has a fifty day simple moving average of $58.70 and a 200-day simple moving average of $57.29.

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.