JPMorgan Equity Premium Income ETF $JEPI Stake Lowered by HBW Advisory Services LLC

HBW Advisory Services LLC trimmed its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 72.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,351 shares of the company’s stock after selling 300,208 shares during the period. HBW Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,429,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after acquiring an additional 146,792 shares during the last quarter. Royal Bank of Canada grew its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after acquiring an additional 449,485 shares during the period. Cetera Investment Advisers grew 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 worth $344,828,000 after acquiring an additional 553,011 shares during the period. Janney Montgomery Scott LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after acquiring an additional 107,684 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after acquiring an additional 68,589 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.1%

JEPI stock opened at $56.87 on Thursday. The business’s fifty day moving average is $57.05 and its 200-day moving average is $56.73. The company has a market cap of $45.68 billion, a P/E ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90.

JPMorgan Equity Premium Income ETF Company 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.