JPMorgan Equity Premium Income ETF $JEPI Stock Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,244 shares of the company’s stock after selling 21,523 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JEPI. Envestnet Asset Management Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after buying an additional 146,792 shares in the last quarter. Royal Bank of Canada grew its position in JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after buying an additional 449,485 shares during the last quarter. Cetera Investment Advisers grew its position in JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after buying an additional 107,684 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3.5% in the first quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after buying an additional 68,589 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.0%

Shares of NYSEARCA JEPI traded up $0.02 during mid-day trading on Monday, reaching $57.06. The company had a trading volume of 4,243,543 shares, compared to its average volume of 5,132,524. The stock has a market cap of $45.78 billion, a PE ratio of 23.93 and a beta of 0.53. The company has a 50-day moving average price of $57.03 and a two-hundred day moving average price of $56.75. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.

About JPMorgan Equity Premium Income ETF

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.