Milestone Asset Management LLC Sells 23,803 Shares of JPMorgan Equity Premium Income ETF $JEPI

Milestone Asset Management LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,221 shares of the company’s stock after selling 23,803 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 1.0% of Milestone Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Milestone Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Independence Asset Advisors LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 11.2% in the 2nd quarter. Independence Asset Advisors LLC now owns 23,867 shares of the company’s stock worth $1,345,000 after acquiring an additional 2,407 shares in the last quarter. Accurate Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 24.2% during the second quarter. Accurate Wealth Management LLC now owns 13,061 shares of the company’s stock valued at $740,000 after purchasing an additional 2,541 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 39.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 81,743 shares of the company’s stock worth $4,614,000 after purchasing an additional 23,166 shares during the last quarter. Oxinas Partners LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 3.1% during the second quarter. Oxinas Partners LLC now owns 49,402 shares of the company’s stock worth $2,790,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc. grew its position in JPMorgan Equity Premium Income ETF by 0.6% in the 2nd quarter. Mountain Capital Investment Advisors Inc. now owns 275,402 shares of the company’s stock worth $15,555,000 after purchasing an additional 1,556 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $57.84 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm has a 50-day moving average price of $56.60 and a two-hundred day moving average price of $57.17. The firm has a market cap of $46.13 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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.