Red Mountain Financial LLC Has $1.64 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Red Mountain Financial LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,898 shares of the company’s stock after selling 2,796 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 2.1% of Red Mountain Financial LLC’s holdings, making the stock its 17th largest position. Red Mountain Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mattern Wealth Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.8% in the second quarter. Mattern Wealth Management LLC now owns 10,082 shares of the company’s stock worth $573,000 after buying an additional 178 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 13.5% in the second quarter. Highline Wealth Partners LLC now owns 1,518 shares of the company’s stock worth $86,000 after buying an additional 180 shares during the last quarter. Solutions 4 Wealth Ltd lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.2% in the first quarter. Solutions 4 Wealth Ltd now owns 15,441 shares of the company’s stock worth $882,000 after buying an additional 183 shares during the last quarter. SimpliFi Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 2.6% in the second quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock worth $418,000 after buying an additional 186 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% in the first quarter. Summit Wealth & Retirement Planning Inc. now owns 4,900 shares of the company’s stock worth $280,000 after buying an additional 190 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.85 on Friday. The firm has a fifty day simple moving average of $56.77 and a 200-day simple moving average of $56.14. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The stock has a market capitalization of $41.03 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62.

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.