Merit Financial Group LLC Sells 19,410 Shares of JPMorgan Equity Premium Income ETF $JEPI

Merit Financial Group LLC decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,668 shares of the company’s stock after selling 19,410 shares during the period. Merit Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morgan Stanley boosted its stake in shares of JPMorgan Equity Premium Income ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after purchasing an additional 261,872 shares during the period. Bank of America Corp DE grew its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Royal Bank of Canada increased its stake in JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after buying an additional 449,485 shares during the period. Raymond James Financial Inc. increased its stake in JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after buying an additional 553,011 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $58.02 on Friday. The firm has a market capitalization of $46.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The company has a 50-day moving average of $56.69 and a 200 day moving average of $57.18.

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.