JPMorgan Equity Premium Income ETF $JEPI Stock Sold by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 35.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 366,180 shares of the company’s stock after selling 201,230 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 12.5% of Cornerstone Enterprises LLC’s portfolio, making the stock its 2nd largest holding. Cornerstone Enterprises LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $20,587,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after acquiring an additional 146,792 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of 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 valued at $474,201,000 after acquiring an additional 449,485 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares in the last quarter. Janney Montgomery Scott LLC boosted 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 boosted 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 Trading Up 0.5%

Shares of NYSEARCA JEPI opened at $57.16 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business has a 50-day moving average of $57.04 and a 200-day moving average of $56.74.

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.