Milestone Asset Management LLC Sells 23,803 Shares of JPMorgan Equity Premium Income ETF $JEPI

Milestone Asset Management LLC reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.2% in the second quarter, Holdings Channel reports. The fund owned 107,221 shares of the company’s stock after selling 23,803 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.0% of Milestone Asset Management LLC’s portfolio, making the stock its 23rd largest position. Milestone Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Rice Partnership LLC increased its position in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $26,000. Advocate Investing Services LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at $28,000. EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $29,000. Finally, Monetary Solutions Ltd bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $30,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.84 on Thursday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The business has a 50-day moving average of $56.60 and a 200 day moving average of $57.17. The firm has a market cap of $46.13 billion, a P/E ratio of 23.93 and a beta of 0.53.

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.