Rockport Wealth LLC Has $2.30 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Rockport Wealth LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 40.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,503 shares of the company’s stock after selling 27,487 shares during the quarter. Rockport Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,296,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $402,000. AQR Capital Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% in the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $847,000. Schnieders Capital Management LLC. bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $3,093,000. Finally, First Trust Advisors LP acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.62 on Thursday. The stock’s 50 day simple moving average is $56.13 and its 200 day simple moving average is $57.29. The company has a market cap of $45.07 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90.

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.