HB Wealth Management LLC Trims Position in JPMorgan Equity Premium Income ETF $JEPI

HB Wealth Management LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,091 shares of the company’s stock after selling 18,528 shares during the quarter. HB Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bank of America Corp DE raised 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 worth $1,897,209,000 after buying an additional 690,960 shares during the period. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after buying an additional 493,639 shares during the period. Raymond James Financial Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 2.8% in the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after buying an additional 201,202 shares during the period. Nationwide Fund Advisors raised its position in shares of JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares during the period. Finally, MML Investors Services LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 5.0% in the 2nd quarter. MML Investors Services LLC now owns 3,357,833 shares of the company’s stock worth $190,893,000 after buying an additional 158,645 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.5%

Shares of JEPI opened at $57.32 on Friday. The firm has a market capitalization of $45.02 billion, a P/E ratio of 23.93 and a beta of 0.58. The stock’s fifty day simple moving average is $57.75 and its 200 day simple moving average is $57.63. JPMorgan Equity Premium Income ETF has a twelve month low of $54.53 and a twelve month high of $59.90.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.