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

NWF Advisory Services Inc. decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,124 shares of the company’s stock after selling 35,268 shares during the period. JPMorgan Equity Premium Income ETF accounts for 1.1% of NWF Advisory Services Inc.’s portfolio, making the stock its 24th largest position. NWF Advisory Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,114,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JEPI. Bartlett & CO. Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 73.6% in the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

NYSEARCA JEPI opened at $58.61 on Tuesday. The company’s fifty day simple moving average is $57.64 and its 200-day simple moving average is $57.11. The stock has a market cap of $42.94 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73.

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.