SageGuard Financial Group LLC Sells 74,218 Shares of JPMorgan Equity Premium Income ETF $JEPI

SageGuard Financial Group LLC lessened its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 224,230 shares of the company’s stock after selling 74,218 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 2.0% of SageGuard Financial Group LLC’s portfolio, making the stock its 14th largest position. SageGuard Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $12,709,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley lifted its stake in JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after purchasing an additional 261,872 shares during the last quarter. Bank of America Corp DE grew its holdings in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the period. Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the last quarter. Nationwide Fund Advisors increased its position in JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of JPMorgan Equity Premium Income ETF by 7.2% in the fourth quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock valued at $316,581,000 after buying an additional 370,330 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.16 on Monday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The stock’s fifty day moving average price is $56.31 and its two-hundred day moving average price is $57.38. The firm has a market cap of $44.50 billion, a PE ratio of 23.93 and a beta of 0.54.

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.