Stonebridge Financial Group LLC Decreases Position in JPMorgan Equity Premium Income ETF $JEPI

Stonebridge Financial Group LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,011 shares of the company’s stock after selling 19,866 shares during the period. Stonebridge Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JEPI. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after acquiring an additional 146,792 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after purchasing an additional 449,485 shares in the last quarter. Cetera Investment Advisers increased its holdings in JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after purchasing an additional 553,011 shares in the last quarter. MML Investors Services LLC raised its position in JPMorgan Equity Premium Income ETF by 8.1% in the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after purchasing an additional 230,264 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in JPMorgan Equity Premium Income ETF by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after purchasing an additional 107,684 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock traded down $0.29 during trading hours on Thursday, hitting $55.93. 4,663,126 shares of the company’s stock were exchanged, compared to its average volume of 5,173,396. The stock’s 50-day moving average is $57.17 and its 200-day moving average is $56.75. The stock has a market cap of $45.04 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90.

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.