Wealthcare Advisory Partners LLC Reduces Holdings in JPMorgan Equity Premium Income ETF $JEPI

Wealthcare Advisory Partners LLC lowered its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 42.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,849 shares of the company’s stock after selling 176,948 shares during the period. Wealthcare Advisory Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of JEPI. Bay Rivers Group grew its position in shares of JPMorgan Equity Premium Income ETF by 14.8% in the second quarter. Bay Rivers Group now owns 23,360 shares of the company’s stock valued at $1,319,000 after purchasing an additional 3,006 shares during the last quarter. Tenzing Financial LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 1.8% during the 2nd quarter. Tenzing Financial LLC now owns 313,229 shares of the company’s stock worth $17,776,000 after purchasing an additional 5,656 shares during the last quarter. Alliance Wealth Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 1.6% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 15,013 shares of the company’s stock worth $848,000 after purchasing an additional 242 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $1,057,000. Finally, Tactive Advisors LLC lifted its stake in JPMorgan Equity Premium Income ETF by 3.1% in the 2nd quarter. Tactive Advisors LLC now owns 16,277 shares of the company’s stock valued at $919,000 after buying an additional 487 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $57.64 on Tuesday. The business’s fifty day moving average price is $56.50 and its two-hundred day moving average price is $57.18. The stock has a market cap of $45.97 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90.

JPMorgan Equity Premium Income ETF 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.