Channel Wealth LLC Trims Stake in JPMorgan Equity Premium Income ETF $JEPI

Channel Wealth LLC lessened its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 28.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,723 shares of the company’s stock after selling 34,448 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.4% of Channel Wealth LLC’s portfolio, making the stock its 21st biggest position. Channel Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sunpointe LLC boosted its position in JPMorgan Equity Premium Income ETF by 2.5% during the 2nd quarter. Sunpointe LLC now owns 49,861 shares of the company’s stock valued at $2,835,000 after acquiring an additional 1,205 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.8% in the 2nd quarter. Pallas Capital Advisors LLC now owns 47,709 shares of the company’s stock worth $2,712,000 after purchasing an additional 1,280 shares in the last quarter. StrongBox Wealth LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.6% in the 2nd quarter. StrongBox Wealth LLC now owns 148,751 shares of the company’s stock worth $8,457,000 after purchasing an additional 3,837 shares in the last quarter. Fermata Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 13.6% in the 2nd quarter. Fermata Advisors LLC now owns 216,896 shares of the company’s stock worth $12,331,000 after purchasing an additional 25,986 shares in the last quarter. Finally, Divergent Planning LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $8,457,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.77 on Wednesday. The stock has a 50-day moving average of $56.77 and a two-hundred day moving average of $56.19. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88. The stock has a market cap of $40.97 billion, a P/E ratio of 23.93 and a beta of 0.62.

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.