Rockport Wealth LLC Sells 27,487 Shares of JPMorgan Equity Premium Income ETF $JEPI

Rockport Wealth LLC reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 40.4% in the first quarter, Holdings Channel reports. The institutional investor owned 40,503 shares of the company’s stock after selling 27,487 shares during the period. Rockport Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Crewe Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after purchasing an additional 9,514 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in JPMorgan Equity Premium Income ETF by 32.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock worth $12,920,000 after purchasing an additional 55,610 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in JPMorgan Equity Premium Income ETF by 90.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after buying an additional 12,790 shares during the last quarter. Apella Capital LLC increased its stake in JPMorgan Equity Premium Income ETF by 2.8% in the 4th quarter. Apella Capital LLC now owns 347,881 shares of the company’s stock valued at $19,913,000 after buying an additional 9,499 shares during the last quarter. Finally, Leo Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $757,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of NYSEARCA JEPI opened at $56.62 on Thursday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock’s 50 day moving average price is $56.13 and its 200-day moving average price is $57.29. The company has a market capitalization of $45.07 billion, a PE 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.