Robertson Stephens Wealth Management LLC Cuts Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Robertson Stephens Wealth Management LLC decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 41.9% during the fourth quarter, HoldingsChannel reports. The firm owned 35,462 shares of the company’s stock after selling 25,595 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,045,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $29,000. BTG Pactual Asset Management US LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $31,000. Logan Capital Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $33,000. Finally, VSM Wealth Advisory LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.3%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.82 on Friday. The firm’s 50 day moving average price is $57.58 and its 200-day moving average price is $57.65. JPMorgan Equity Premium Income ETF has a 52-week low of $55.15 and a 52-week high of $59.90. The company has a market cap of $45.02 billion, a P/E ratio of 23.93 and a beta of 0.56.

About JPMorgan Equity Premium Income ETF

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.