Bravias Capital Group LLC Reduces Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Bravias Capital Group LLC trimmed its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 63.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,607 shares of the company’s stock after selling 23,243 shares during the period. Bravias Capital Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JEPI. Kingstone Capital Partners Texas LLC increased its stake in JPMorgan Equity Premium Income ETF by 387,324.3% in the 2nd 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. Nationwide Fund Advisors acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $396,998,000. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after buying an additional 1,327,996 shares in the last quarter. Hamilton Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $72,373,000. Finally, Bank of New York Mellon Corp raised its stake in shares of JPMorgan Equity Premium Income ETF by 191.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock worth $97,120,000 after buying an additional 1,122,256 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

Shares of NYSEARCA JEPI opened at $57.98 on Tuesday. The company’s 50-day moving average price is $57.19 and its 200 day moving average price is $56.89. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73. The stock has a market cap of $41.50 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.