JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,668 shares of the company’s stock after selling 19,410 shares during the period. Merit Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,905,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Equitable Holdings Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 3,477.6% during the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock worth $106,110,000 after purchasing an additional 1,801,951 shares in the last quarter. Tableaux LLC boosted its stake in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after purchasing an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after purchasing an additional 825,889 shares in the last quarter. SHP Wealth Management acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $42,882,000. Finally, RiverFront Investment Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 24.0% during 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 during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $58.02 on Friday. The company has a market capitalization of $46.28 billion, a PE ratio of 23.93 and a beta of 0.53. The stock’s fifty day moving average is $56.69 and its 200-day moving average is $57.18. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year 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.