JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 33.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,965 shares of the company’s stock after selling 52,651 shares during the quarter. Spire Wealth Management’s holdings in JPMorgan Equity Premium Income ETF were worth $5,993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 387,324.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after buying an additional 401,771,477 shares in the last quarter. Bank of America Corp DE raised its position in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after acquiring an additional 1,327,996 shares during the period. Raymond James Financial Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 9.9% during the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after purchasing an additional 636,586 shares in the last quarter. Finally, Nationwide Fund Advisors acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $396,998,000.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

JEPI stock opened at $57.76 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73. The firm has a 50-day simple moving average of $57.22 and a 200-day simple moving average of $56.96. The stock has a market capitalization of $41.98 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.