Connectus Wealth LLC Sells 20,228 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Connectus Wealth LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.7% in the fourth quarter, Holdings Channel reports. The firm owned 244,081 shares of the company’s stock after selling 20,228 shares during the period. Connectus Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth about $647,943,000. Morgan Stanley lifted its holdings in JPMorgan Equity Premium Income ETF by 12.1% during the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after purchasing an additional 3,531,562 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 41.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,521,187 shares of the company’s stock worth $295,715,000 after purchasing an additional 1,618,295 shares in the last quarter. Royal Bank of Canada lifted its holdings in JPMorgan Equity Premium Income ETF by 15.3% during the 3rd quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after purchasing an additional 922,303 shares in the last quarter. Finally, Comerica Bank purchased a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $31,745,000.

JPMorgan Equity Premium Income ETF Stock Down 0.1 %

JEPI traded down $0.06 during trading on Friday, reaching $56.52. 2,147,405 shares of the company were exchanged, compared to its average volume of 3,369,605. The company’s 50-day moving average is $56.57 and its two-hundred day moving average is $56.10. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $57.94.

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.