HighTower Advisors LLC Sells 264,427 Shares of JPMorgan Equity Premium Income ETF $JEPI

HighTower Advisors LLC cut its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,881,623 shares of the company’s stock after selling 264,427 shares during the quarter. HighTower Advisors LLC owned 0.39% of JPMorgan Equity Premium Income ETF worth $164,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd 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 stake in shares of JPMorgan Equity Premium Income ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after acquiring an additional 493,639 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock valued at $415,310,000 after acquiring an additional 201,202 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of JPMorgan Equity Premium Income ETF by 0.7% during the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock valued at $405,826,000 after acquiring an additional 51,190 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after buying an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.1%

JEPI opened at $56.08 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.15 and a twelve month high of $59.90. The company has a fifty day moving average of $56.91 and a 200-day moving average of $57.57. The stock has a market cap of $44.43 billion, a PE ratio of 23.93 and a beta of 0.56.

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.