Whalen Wealth Management Inc. Sells 49,358 Shares of JPMorgan Equity Premium Income ETF $JEPI

Whalen Wealth Management Inc. decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 55.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,414 shares of the company’s stock after selling 49,358 shares during the period. JPMorgan Equity Premium Income ETF accounts for 1.0% of Whalen Wealth Management Inc.’s portfolio, making the stock its 26th largest position. Whalen Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings 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 buying an additional 146,792 shares during the period. 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 raised its position in shares of 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 valued at $344,828,000 after acquiring an additional 553,011 shares during the last quarter. MML Investors Services LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 8.1% during the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after acquiring an additional 230,264 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after purchasing an additional 107,684 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.2%

Shares of NYSEARCA:JEPI traded up $0.10 during midday trading on Thursday, hitting $56.55. The company had a trading volume of 2,007,059 shares, compared to its average volume of 5,155,415. 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 fifty day simple moving average of $57.11 and a 200 day simple moving average of $56.71. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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.