Optivise Advisory Services LLC Sells 3,373 Shares of JPMorgan Equity Premium Income ETF $JEPI

Optivise Advisory Services LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 48.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,560 shares of the company’s stock after selling 3,373 shares during the quarter. Optivise Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of JEPI. Brighton Jones LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $402,000. Bank of New York Mellon Corp boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 586,093 shares of the company’s stock worth $33,489,000 after buying an additional 26,611 shares during the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock valued at $434,911,000 after buying an additional 774,664 shares during the period. Crossmark Global Holdings Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 46.2% during the first quarter. Crossmark Global Holdings Inc. now owns 11,878 shares of the company’s stock worth $679,000 after buying an additional 3,755 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 2.2% during the first quarter. Brown Advisory Inc. now owns 30,345 shares of the company’s stock worth $1,734,000 after buying an additional 656 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $56.39 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $60.88. The company’s 50-day moving average price is $56.91 and its two-hundred day moving average price is $56.44. The stock has a market cap of $40.37 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.