Fragasso Financial Advisors Inc Sells 53,946 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fragasso Financial Advisors Inc trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 259,661 shares of the company’s stock after selling 53,946 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 1.1% of Fragasso Financial Advisors Inc’s holdings, making the stock its 16th largest position. Fragasso Financial Advisors Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $14,938,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of JPMorgan Equity Premium Income ETF by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $51,202,000. World Investment Advisors LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 748.5% during the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after acquiring an additional 711,094 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,505,000. Finally, Envestnet Asset Management Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after purchasing an additional 539,682 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.2 %

Shares of JEPI traded up $0.12 during midday trading on Monday, reaching $57.18. 2,053,094 shares of the stock were exchanged, compared to its average volume of 3,883,669. The stock’s 50 day simple moving average is $59.16 and its 200 day simple moving average is $58.38. JPMorgan Equity Premium Income ETF has a twelve month low of $54.72 and a twelve month high of $60.88. The company has a market cap of $33.55 billion, a P/E 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.