BG Investment Services Inc. Buys New Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

BG Investment Services Inc. purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 27,034 shares of the company’s stock, valued at approximately $1,556,000. JPMorgan Equity Premium Income ETF accounts for approximately 1.6% of BG Investment Services Inc.’s holdings, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. JPMorgan Chase & Co. increased its position in JPMorgan Equity Premium Income ETF by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $322,301,000. Commonwealth Equity Services LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 12.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,124,862 shares of the company’s stock valued at $237,303,000 after acquiring an additional 459,845 shares during the last quarter. HighTower Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 3,682,072 shares of the company’s stock worth $211,830,000 after acquiring an additional 108,546 shares in the last quarter. Finally, MML Investors Services LLC grew its position in JPMorgan Equity Premium Income ETF by 16.9% in the third quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock worth $155,331,000 after acquiring an additional 376,400 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $57.65 on Wednesday. The firm has a market capitalization of $39.41 billion, a price-to-earnings ratio of 24.79 and a beta of 0.61. The business has a 50 day simple moving average of $58.48 and a 200-day simple moving average of $58.89. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88.

JPMorgan Equity Premium Income ETF 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.