JPMorgan Equity Premium Income ETF $JEPI Stock Position Cut by Mainsail Asset Management LLC

Mainsail Asset Management LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 66.3% in the third quarter, HoldingsChannel reports. The firm owned 6,206 shares of the company’s stock after selling 12,214 shares during the period. Mainsail Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Orgel Wealth Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 7.0% in the 3rd quarter. Orgel Wealth Management LLC now owns 25,907 shares of the company’s stock worth $1,456,000 after buying an additional 1,698 shares during the last quarter. B.A. Schrock Wealth Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $6,926,000. Ashurst Perkins Coie Trust Co grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.7% in the third quarter. Ashurst Perkins Coie Trust Co now owns 190,470 shares of the company’s stock worth $10,708,000 after acquiring an additional 3,103 shares during the period. Weil Company Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $263,000. Finally, Columbus Macro LLC increased its position in JPMorgan Equity Premium Income ETF by 7.0% during the third quarter. Columbus Macro LLC now owns 335,079 shares of the company’s stock valued at $18,838,000 after acquiring an additional 21,910 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $56.87 on Thursday. The stock has a market cap of $45.68 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The stock has a fifty day moving average of $57.05 and a 200 day moving average of $56.73.

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.