JPMorgan Equity Premium Income ETF $JEPI is Ergawealth Advisors Inc.’s 7th Largest Position

Ergawealth Advisors Inc. cut its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 31.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,106 shares of the company’s stock after selling 84,843 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 4.9% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 7th biggest position. Ergawealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,455,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Scott Capital Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 124.4% during the third quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock valued at $7,037,000 after purchasing an additional 68,548 shares in the last quarter. Cambridge Advisors Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 8.8% during the third quarter. Cambridge Advisors Inc. now owns 187,501 shares of the company’s stock worth $10,706,000 after purchasing an additional 15,195 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 20.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 285,816 shares of the company’s stock worth $16,249,000 after purchasing an additional 47,712 shares during the last quarter. Coastline Trust Co lifted its stake in JPMorgan Equity Premium Income ETF by 14.0% in the 2nd quarter. Coastline Trust Co now owns 1,981 shares of the company’s stock valued at $113,000 after buying an additional 243 shares in the last quarter. Finally, Cooper Financial Group boosted its holdings in JPMorgan Equity Premium Income ETF by 3.9% in the 3rd quarter. Cooper Financial Group now owns 423,502 shares of the company’s stock worth $24,182,000 after buying an additional 15,888 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

JEPI stock opened at $57.98 on Tuesday. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.73. The business’s 50-day moving average is $57.19 and its 200 day moving average is $56.89. The stock has a market cap of $41.50 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.