Private Wealth Partners LLC Reduces Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Private Wealth Partners LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,521 shares of the company’s stock after selling 13,397 shares during the period. Private Wealth Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,056,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JEPI. Bank of America Corp DE increased its stake in JPMorgan Equity Premium Income ETF by 2.1% in the second 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 stake 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. Raymond James Financial Inc. boosted its position in shares of 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 purchasing an additional 636,586 shares in the last quarter. Nationwide Fund Advisors grew 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. Finally, Osaic Holdings Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% in the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after acquiring an additional 85,326 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.0%

Shares of NYSEARCA JEPI opened at $58.56 on Friday. The company’s 50-day moving average price is $57.82 and its 200 day moving average price is $57.15. 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 $43.01 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.