Pinnacle Wealth Management LLC Lowers Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Pinnacle Wealth Management LLC trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 110,394 shares of the company’s stock after selling 49,373 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 5.2% of Pinnacle Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Pinnacle Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 12.1% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,670 shares of the company’s stock worth $267,000 after purchasing an additional 504 shares during the period. GAMMA Investing LLC raised its holdings in JPMorgan Equity Premium Income ETF by 8.2% in the 1st quarter. GAMMA Investing LLC now owns 130,565 shares of the company’s stock worth $7,460,000 after purchasing an additional 9,934 shares during the period. Coastline Trust Co raised its holdings in JPMorgan Equity Premium Income ETF by 14.0% in the 2nd quarter. Coastline Trust Co now owns 1,981 shares of the company’s stock worth $113,000 after purchasing an additional 243 shares during the period. Grandview Asset Management LLC raised its holdings in JPMorgan Equity Premium Income ETF by 8.6% in the 2nd quarter. Grandview Asset Management LLC now owns 14,976 shares of the company’s stock worth $851,000 after purchasing an additional 1,181 shares during the period. Finally, Parallel Advisors LLC raised its holdings in JPMorgan Equity Premium Income ETF by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 45,589 shares of the company’s stock worth $2,592,000 after purchasing an additional 1,372 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.86 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88. The stock’s fifty day moving average is $56.84 and its 200 day moving average is $56.10. The stock has a market cap of $41.02 billion, a P/E ratio of 23.93 and a beta of 0.62.

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.