Kingswood Wealth Advisors LLC Decreases Position in JPMorgan Equity Premium Income ETF $JEPI

Kingswood Wealth Advisors LLC decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,158 shares of the company’s stock after selling 4,381 shares during the period. JPMorgan Equity Premium Income ETF makes up 0.6% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 28th biggest position. Kingswood Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of JEPI. Mather Group LLC. purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Millstone Evans Group LLC purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at about $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $32,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.97 on Tuesday. The company has a market capitalization of $41.21 billion, a P/E ratio of 23.93 and a beta of 0.62. 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 50-day moving average price of $56.76 and a 200 day moving average price of $56.13.

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.