Rational Advisors Inc. Lowers Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Rational Advisors Inc. lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 479,454 shares of the company’s stock after selling 27,814 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 2.8% of Rational Advisors Inc.’s holdings, making the stock its 11th biggest position. Rational Advisors Inc. owned approximately 0.07% of JPMorgan Equity Premium Income ETF worth $27,444,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in 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 in the last quarter. Envestnet Asset Management Inc. boosted its holdings in 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 valued at $538,622,000 after purchasing an additional 493,639 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in 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 valued at $415,310,000 after purchasing an additional 201,202 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in 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 valued at $405,826,000 after purchasing an additional 51,190 shares in the last quarter. Finally, RiverFront Investment Group LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after purchasing an additional 737,043 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.0%

Shares of JEPI opened at $55.33 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock’s 50 day moving average is $56.65 and its two-hundred day moving average is $57.54. The firm has a market capitalization of $43.84 billion, a PE ratio of 23.93 and a beta of 0.56.

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.