SK Wealth Management LLC Has $20.81 Million Position in JPMorgan Equity Premium Income ETF $JEPI

SK Wealth Management LLC cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 366,601 shares of the company’s stock after selling 12,280 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 7.8% of SK Wealth Management LLC’s holdings, making the stock its 4th biggest holding. SK Wealth Management LLC owned about 0.05% of JPMorgan Equity Premium Income ETF worth $20,805,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after acquiring an additional 401,771,477 shares during the last quarter. Bank of America Corp DE increased its position in JPMorgan Equity Premium Income ETF by 2.1% during 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 during the period. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the period. Royal Bank of Canada increased its position in shares of JPMorgan Equity Premium Income ETF by 10.5% during the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock worth $463,927,000 after buying an additional 772,858 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after buying an additional 636,586 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $57.54 on Friday. The business’s 50-day moving average is $57.06 and its 200-day moving average is $56.80. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.