NWF Advisory Services Inc. Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

NWF Advisory Services Inc. lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 149,220 shares of the company’s stock after selling 27,904 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 0.9% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 26th biggest holding. NWF Advisory Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 32.9% during the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after purchasing an additional 9,514 shares during the last quarter. Cascade Wealth Advisors Inc lifted its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after purchasing an additional 14,899 shares during the period. Clearstead Trust LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 307.8% in the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after buying an additional 59,999 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 32.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock worth $12,920,000 after buying an additional 55,610 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its position in JPMorgan Equity Premium Income ETF by 90.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after buying an additional 12,790 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.10 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market cap of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54. The company has a 50 day simple moving average of $56.48 and a two-hundred day simple moving average of $57.42.

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.