JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 2,732,984 shares of the company’s stock after acquiring an additional 122,825 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 0.5% of MML Investors Services LLC’s portfolio, making the stock its 29th largest position. MML Investors Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $157,229,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JEPI. JPMorgan Chase & Co. boosted its position in JPMorgan Equity Premium Income ETF by 18.8% during 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 in the last quarter. Wells Fargo & Company MN raised its stake in shares of JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after buying an additional 2,051,299 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 7.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,836,665 shares of the company’s stock valued at $393,313,000 after buying an additional 484,267 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $322,301,000. Finally, Commonwealth Equity Services LLC increased its holdings in 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 worth $237,303,000 after acquiring an additional 459,845 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3 %

JEPI opened at $53.76 on Friday. The firm’s fifty day simple moving average is $56.77 and its two-hundred day simple moving average is $58.28. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88. The company has a market cap of $37.11 billion, a price-to-earnings ratio of 24.88 and a beta of 0.61.

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.