JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stock Holdings Reduced by 49 Wealth Management LLC

49 Wealth Management LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 471,577 shares of the company’s stock after selling 3,156 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 5.8% of 49 Wealth Management LLC’s holdings, making the stock its 4th largest holding. 49 Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $27,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEPI. Larson Financial Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 129.8% during the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 314 shares during the last quarter. Burkett Financial Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth $35,000. Capital Advisors Ltd. LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 79.3% during the 4th quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock valued at $36,000 after purchasing an additional 291 shares during the last quarter. Morris Financial Concepts Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after purchasing an additional 331 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in JPMorgan Equity Premium Income ETF by 105.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock worth $41,000 after buying an additional 367 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI traded up $0.27 during mid-day trading on Friday, hitting $56.91. 3,000,059 shares of the company’s stock traded hands, compared to its average volume of 3,262,817. The company has a market capitalization of $33.40 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average of $56.63 and a 200 day moving average of $56.40. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month high of $57.94.

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.