JPMorgan Equity Premium Income ETF $JEPI Stock Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,824 shares of the company’s stock after selling 8,957 shares during the period. Lake Street Private Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,118,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hamilton Capital LLC bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth about $84,219,000. Foguth Wealth Management LLC. lifted its stake in JPMorgan Equity Premium Income ETF by 366.7% in the first quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock worth $51,530,000 after purchasing an additional 722,490 shares during the last quarter. Brookstone Capital Management bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth $33,302,000. Cetera Investment Advisers lifted its stake in JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in JPMorgan Equity Premium Income ETF by 390.1% during the first quarter. Arkadios Wealth Advisors now owns 606,352 shares of the company’s stock valued at $34,368,000 after buying an additional 482,640 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.1%

NYSEARCA JEPI opened at $57.29 on Friday. The company has a 50-day simple moving average of $56.99 and a two-hundred day simple moving average of $56.77. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The firm has a market cap of $45.94 billion, a price-to-earnings 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.