Bridgewealth Advisory Group LLC Has $1.70 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Bridgewealth Advisory Group LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 73.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,735 shares of the company’s stock after selling 81,644 shares during the quarter. Bridgewealth Advisory Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JEPI. Tcfg Wealth Management LLC lifted its stake in JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after acquiring an additional 810,739 shares during the last quarter. Bank of America Corp DE lifted its stake in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Raymond James Financial Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of JPMorgan Equity Premium Income ETF by 40.2% in the third quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock valued at $115,436,000 after purchasing an additional 581,218 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after buying an additional 493,639 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.08 on Wednesday. The firm has a fifty day simple moving average of $57.18 and a 200-day simple moving average of $57.62. JPMorgan Equity Premium Income ETF has a 1-year low of $55.15 and a 1-year high of $59.90. The stock has a market capitalization of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.

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.