Ellis Investment Partners LLC Cuts Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Ellis Investment Partners LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,864 shares of the company’s stock after selling 34,591 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 1.4% of Ellis Investment Partners LLC’s holdings, making the stock its 17th biggest holding. Ellis Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,929,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $25,000. Clarity Asset Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $25,000. Pin Oak Investment Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% in the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $28,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $57.32 on Monday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The stock has a market capitalization of $41.51 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The business has a fifty day moving average price of $57.20 and a 200 day moving average price of $56.93.

JPMorgan Equity Premium Income ETF 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.