NWF Advisory Services Inc. Decreases Position in JPMorgan Equity Premium Income ETF $JEPI

NWF Advisory Services Inc. lessened its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,220 shares of the company’s stock after selling 27,904 shares during the period. JPMorgan Equity Premium Income ETF comprises 0.9% of NWF Advisory Services Inc.’s portfolio, making the stock its 26th largest holding. NWF Advisory Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,541,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after buying an additional 9,514 shares during the last quarter. Cascade Wealth Advisors Inc raised its position in JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after buying an additional 14,899 shares during the last quarter. Clearstead Trust LLC raised its position in JPMorgan Equity Premium Income ETF by 307.8% in the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after buying an additional 59,999 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in JPMorgan Equity Premium Income ETF by 32.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock worth $12,920,000 after buying an additional 55,610 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its stake in JPMorgan Equity Premium Income ETF by 90.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after acquiring an additional 12,790 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $56.10 on Friday. The firm’s 50-day moving average price is $56.48 and its 200-day moving average price is $57.42. The company has a market cap of $44.45 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.