Benchmark Financial Wealth Advisors LLC Sells 2,178 Shares of JPMorgan Equity Premium Income ETF $JEPI

Benchmark Financial Wealth Advisors LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 21,910 shares of the company’s stock after selling 2,178 shares during the period. Benchmark Financial Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Kingstone Capital Partners Texas LLC boosted its position 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 acquiring an additional 401,771,477 shares during the period. JPMorgan Chase & Co. raised its stake in 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 valued at $1,609,887,000 after purchasing an additional 7,443,750 shares during the last quarter. Nationwide Fund Advisors acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $396,998,000. Envestnet Asset Management Inc. boosted its holdings in 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. Finally, Raymond James Financial Inc. grew its position in JPMorgan Equity Premium Income ETF by 14.9% in the 1st quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock worth $367,730,000 after purchasing an additional 833,285 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.88 on Monday. The firm’s 50-day moving average is $56.94 and its 200-day moving average is $56.40. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88. The company has a market cap of $40.72 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.