Steele Capital Management Inc. Reduces Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Steele Capital Management Inc. decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,733 shares of the company’s stock after selling 12,587 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 0.8% of Steele Capital Management Inc.’s holdings, making the stock its 28th largest holding. Steele Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $18,143,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its stake in JPMorgan Equity Premium Income ETF by 387,324.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after buying an additional 401,771,477 shares during the period. Nationwide Fund Advisors bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $396,998,000. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after acquiring an additional 1,327,996 shares during the period. Hamilton Capital LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $72,373,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 191.5% in the second quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after purchasing an additional 1,122,256 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

Shares of NYSEARCA:JEPI opened at $58.25 on Friday. The business’s 50 day moving average is $57.27 and its 200 day moving average is $56.98. The stock has a market cap of $42.34 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.

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.