JPMorgan Equity Premium Income ETF $JEPI Stock Sold by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV cut its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 96.3% in the 3rd quarter, Holdings Channel reports. The fund owned 9,987 shares of the company’s stock after selling 260,972 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after acquiring an additional 146,792 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares during the last quarter. Cetera Investment Advisers increased its holdings in JPMorgan Equity Premium Income ETF by 10.0% during the 1st 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. Cornerstone Advisory LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock worth $115,092,000 after purchasing an additional 68,589 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 16.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,929,732 shares of the company’s stock valued at $109,377,000 after purchasing an additional 278,868 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

Shares of JEPI opened at $57.23 on Wednesday. The firm has a market cap of $45.88 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business’s 50 day moving average is $56.95 and its two-hundred day moving average is $57.19. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.

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.