JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lessened its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 49.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,751 shares of the company’s stock after selling 38,519 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in JPMorgan Equity Premium Income ETF were worth $2,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JEPI. Kingstone Capital Partners Texas LLC lifted its position in 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 acquiring an additional 401,771,477 shares during the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after purchasing an additional 1,327,996 shares during the period. Raymond James Financial Inc. grew its stake in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after buying an additional 636,586 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in JPMorgan Equity Premium Income ETF by 0.8% during the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after buying an additional 55,467 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

JEPI stock opened at $58.25 on Wednesday. The company has a market capitalization of $42.31 billion, a P/E ratio of 23.93 and a beta of 0.60. The business has a 50 day simple moving average of $57.35 and a 200-day simple moving average of $57.01. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73.

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.