Thoroughbred Financial Services LLC Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

Thoroughbred Financial Services LLC decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 336,866 shares of the company’s stock after selling 40,025 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 1.3% of Thoroughbred Financial Services LLC’s portfolio, making the stock its 11th biggest holding. Thoroughbred Financial Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $19,150,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its position in JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after buying an additional 401,771,477 shares during the period. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Equity Premium Income ETF by 35.9% in the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after purchasing an additional 7,443,750 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the period. Royal Bank of Canada lifted its position in JPMorgan Equity Premium Income ETF by 10.5% during the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after purchasing an additional 772,858 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $396,998,000.

JPMorgan Equity Premium Income ETF Stock Down 0.2%

NYSEARCA JEPI opened at $56.74 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $60.88. The company has a market capitalization of $40.61 billion, a P/E ratio of 23.93 and a beta of 0.60. The stock’s 50-day moving average price is $56.88 and its 200-day moving average price is $56.55.

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.