JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,983 shares of the company’s stock after selling 9,876 shares during the period. Beacon Pointe Advisors LLC owned about 0.06% of JPMorgan Equity Premium Income ETF worth $24,445,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 387,324.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after purchasing an additional 401,771,477 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Equity Premium Income ETF by 35.9% during the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after purchasing an additional 7,443,750 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the last quarter. Royal Bank of Canada lifted its stake in JPMorgan Equity Premium Income ETF by 10.5% in the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after buying an additional 772,858 shares in the last quarter. Finally, Nationwide Fund Advisors acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $396,998,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $57.21 on Tuesday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.53. The company has a market capitalization of $40.95 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock has a fifty day moving average of $56.89 and a two-hundred day moving average of $56.66.

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.