JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Mechanics Bank Trust Department’s 5th Largest Position

Mechanics Bank Trust Department raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 336,755 shares of the company’s stock after purchasing an additional 9,777 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 2.6% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 5th biggest holding. Mechanics Bank Trust Department owned about 0.06% of JPMorgan Equity Premium Income ETF worth $19,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of JEPI. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 3,536,406 shares during the period. Cetera Investment Advisers increased its position in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after purchasing an additional 52,301 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after buying an additional 285,180 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock valued at $212,643,000 after buying an additional 83,858 shares during the period. Finally, RiverFront Investment Group LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% in the second quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after buying an additional 166,821 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $58.50 on Monday. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a fifty day moving average price of $59.02 and a two-hundred day moving average price of $58.44. The stock has a market capitalization of $34.33 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.