49 Wealth Management LLC decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 14.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,510 shares of the company’s stock after selling 19,850 shares during the period. JPMorgan Equity Premium Income ETF comprises 0.7% of 49 Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. 49 Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,567,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth about $29,000. Millstone Evans Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $29,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $32,000.
JPMorgan Equity Premium Income ETF Price Performance
Shares of NYSEARCA JEPI opened at $56.45 on Monday. The business has a 50-day moving average of $56.87 and a two-hundred day moving average of $56.50. The company has a market capitalization of $40.41 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $60.88.
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.
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