Northwestern Mutual Wealth Management Co. Has $12.88 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Northwestern Mutual Wealth Management Co. lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 92.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 224,997 shares of the company’s stock after selling 2,706,341 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Equity Premium Income ETF were worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. EQ Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $29,000. BTG Pactual Asset Management US LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $31,000. Logan Capital Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at $33,000. Finally, VSM Wealth Advisory LLC lifted its stake in JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $56.18 on Thursday. The company has a fifty day moving average price of $56.86 and a two-hundred day moving average price of $57.56. The stock has a market cap of $44.51 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a one year low of $55.15 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.