Drive Wealth Management LLC Reduces Holdings in JPMorgan Equity Premium Income ETF $JEPI

Drive Wealth Management LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 51.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,272 shares of the company’s stock after selling 16,164 shares during the period. Drive Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $872,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JEPI. Westfuller Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $63,000. ERn Financial LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.4% during the third quarter. ERn Financial LLC now owns 17,405 shares of the company’s stock valued at $994,000 after buying an additional 235 shares during the last quarter. 3EDGE Asset Management LP increased its holdings in JPMorgan Equity Premium Income ETF by 2.1% in the 3rd quarter. 3EDGE Asset Management LP now owns 49,068 shares of the company’s stock worth $2,802,000 after buying an additional 1,007 shares in the last quarter. Arcus Capital Partners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3.1% in the 3rd quarter. Arcus Capital Partners LLC now owns 11,840 shares of the company’s stock worth $676,000 after buying an additional 356 shares in the last quarter. Finally, FWG Holdings LLC raised its position in JPMorgan Equity Premium Income ETF by 1.8% in the 3rd quarter. FWG Holdings LLC now owns 19,602 shares of the company’s stock worth $1,115,000 after buying an additional 354 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of NYSEARCA JEPI opened at $58.38 on Friday. The firm’s 50-day moving average price is $57.60 and its 200-day moving average price is $57.09. The company has a market cap of $42.75 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.73.

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.