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

LPL Financial LLC lowered its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,175,885 shares of the company’s stock after selling 71,683 shares during the quarter. LPL Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $239,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JEPI. Rice Partnership LLC raised its stake in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $29,000. BTG Pactual Asset Management US LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $31,000. Finally, Logan Capital Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $33,000.

JPMorgan Equity Premium Income ETF Stock Up 0.8%

Shares of NYSEARCA JEPI opened at $55.80 on Wednesday. The stock’s 50 day moving average price is $56.56 and its two-hundred day moving average price is $57.49. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock has a market capitalization of $44.21 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.