JPMorgan Equity Premium Income ETF $JEPI Stake Lowered by Summit Financial LLC

Summit Financial LLC cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,898 shares of the company’s stock after selling 33,346 shares during the quarter. Summit Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,182,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in JEPI. Tcfg Wealth Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after purchasing an additional 810,739 shares during the last quarter. RiverFront Investment Group LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after purchasing an additional 737,043 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second 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 last quarter. Raymond James Financial Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 9.9% during the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after purchasing an additional 636,586 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 191.9% during the fourth quarter. New York Life Investment Management LLC now owns 727,039 shares of the company’s stock valued at $41,616,000 after purchasing an additional 477,935 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

NYSEARCA:JEPI opened at $56.04 on Friday. The firm has a market capitalization of $44.40 billion, a PE ratio of 23.93 and a beta of 0.54. The stock has a 50 day moving average of $56.53 and a 200-day moving average of $57.47. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week 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.