New York Life Investment Management LLC Has $41.62 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

New York Life Investment Management LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 191.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727,039 shares of the company’s stock after acquiring an additional 477,935 shares during the quarter. New York Life Investment Management LLC owned about 0.10% of JPMorgan Equity Premium Income ETF worth $41,616,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JEPI. Bank of America Corp DE boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after buying an additional 493,639 shares during the period. Raymond James Financial Inc. raised its stake in JPMorgan Equity Premium Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after buying an additional 201,202 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock valued at $405,826,000 after buying an additional 51,190 shares during the period. Finally, MML Investors Services LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 5.0% in the second quarter. MML Investors Services LLC now owns 3,357,833 shares of the company’s stock valued at $190,893,000 after buying an additional 158,645 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

Shares of JEPI opened at $55.99 on Friday. The firm’s fifty day simple moving average is $57.06 and its two-hundred day simple moving average is $57.59. JPMorgan Equity Premium Income ETF has a 12 month low of $55.15 and a 12 month high of $59.90. The stock has a market capitalization of $44.36 billion, a P/E ratio of 23.93 and a beta of 0.56.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.