Foundations Investment Advisors LLC Sells 244,049 Shares of JPMorgan Equity Premium Income ETF $JEPI

Foundations Investment Advisors LLC trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 72.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,453 shares of the company’s stock after selling 244,049 shares during the quarter. Foundations Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,279,000 as of its most recent SEC filing.

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

JPMorgan Equity Premium Income ETF Trading Up 0.2%

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.55 on Friday. The business has a 50-day moving average price of $57.78 and a two-hundred day moving average price of $57.14. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The company has a market cap of $43.00 billion, a P/E ratio of 23.93 and a beta of 0.60.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.