JPMorgan Equity Premium Income ETF $JEPI Position Decreased by Merit Financial Group LLC

Merit Financial Group LLC lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rice Partnership LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $26,000. Advocate Investing Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at $28,000. EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $29,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $30,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $58.02 on Friday. The company has a market capitalization of $46.28 billion, a PE ratio of 23.93 and a beta of 0.53. The stock has a fifty day moving average of $56.69 and a 200-day moving average of $57.18. 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 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.