Diversified Portfolios Inc. Purchases 335 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Diversified Portfolios Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 8,551 shares of the company’s stock after purchasing an additional 335 shares during the quarter. Diversified Portfolios Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its holdings in JPMorgan Equity Premium Income ETF by 12.1% during the third quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after buying an additional 3,531,562 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $647,943,000. Moneta Group Investment Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $460,136,000. Royal Bank of Canada boosted its holdings in JPMorgan Equity Premium Income ETF by 15.3% during the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after buying an additional 922,303 shares in the last quarter. Finally, UBS Group AG boosted its holdings in JPMorgan Equity Premium Income ETF by 21.5% during the third quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock worth $310,410,000 after buying an additional 1,024,956 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI traded up $0.01 during mid-day trading on Tuesday, reaching $55.70. 3,553,992 shares of the stock were exchanged, compared to its average volume of 3,623,576. The company has a market capitalization of $32.63 billion, a P/E ratio of 24.51 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $57.94. The business’s 50 day moving average is $56.87 and its 200-day moving average is $55.25.

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.