Rooted Wealth Advisors Inc. Sells 53,884 Shares of JPMorgan Equity Premium Income ETF $JEPI

Rooted Wealth Advisors Inc. lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,439 shares of the company’s stock after selling 53,884 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 3.7% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. Rooted Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $13,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Brighton Jones LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $402,000. AQR Capital Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after acquiring an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at $847,000. Schnieders Capital Management LLC. acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $3,093,000. Finally, First Trust Advisors LP acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.33 on Monday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.15 and a twelve month high of $59.90. The stock has a market capitalization of $44.63 billion, a P/E ratio of 23.93 and a beta of 0.56. The business’s fifty day moving average price is $56.79 and its 200 day moving average price is $57.56.

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.