JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,952 shares of the company’s stock after selling 9,460 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.5% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 14th biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $21,863,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in JEPI. Tcfg Wealth Management LLC increased its position in JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after buying an additional 810,739 shares during the period. Bank of America Corp DE increased its position in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the period. Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 9.9% during the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after buying an additional 636,586 shares during the period. Jones Financial Companies Lllp increased its position in JPMorgan Equity Premium Income ETF by 40.2% during the third quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after buying an additional 581,218 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in 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 worth $538,622,000 after buying an additional 493,639 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $56.82 on Monday. The firm has a market cap of $45.02 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90. The business’s 50 day moving average is $57.58 and its two-hundred day moving average is $57.65.

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.