Brookstone Capital Management Sells 15,482 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Brookstone Capital Management lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 709,772 shares of the company’s stock after selling 15,482 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 0.7% of Brookstone Capital Management’s holdings, making the stock its 27th largest holding. Brookstone Capital Management owned 0.12% of JPMorgan Equity Premium Income ETF worth $40,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Equity Premium Income ETF by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after purchasing an additional 815,598 shares during the last quarter. Global Assets Advisory LLC increased its holdings in JPMorgan Equity Premium Income ETF by 5,858.1% in the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after buying an additional 6,061,819 shares in the last quarter. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 5.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,836,775 shares of the company’s stock worth $320,906,000 after buying an additional 315,588 shares during the last quarter. Cetera Investment Advisers lifted its stake in JPMorgan Equity Premium Income ETF by 406.2% during the 1st quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock valued at $239,292,000 after acquiring an additional 3,318,702 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 6.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,172,309 shares of the company’s stock valued at $174,414,000 after acquiring an additional 187,656 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock traded up $0.05 during trading hours on Friday, reaching $57.61. The company had a trading volume of 1,841,077 shares, compared to its average volume of 3,286,843. The business has a fifty day moving average price of $56.57 and a 200-day moving average price of $56.64. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $57.94. The firm has a market cap of $33.81 billion, a PE ratio of 24.40 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.