PFG Advisors Has $2.92 Million Position in JPMorgan Equity Premium Income ETF $JEPI

PFG Advisors cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,742 shares of the company’s stock after selling 12,749 shares during the quarter. PFG Advisors’ holdings in JPMorgan Equity Premium Income ETF were worth $2,922,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rice Partnership LLC increased its stake in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $26,000. Advocate Investing Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $29,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $30,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.92 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business has a 50-day simple moving average of $56.64 and a 200 day simple moving average of $57.17.

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.