Magnus Financial Group LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Magnus Financial Group LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 573,910 shares of the company’s stock after selling 2,375 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 3.2% of Magnus Financial Group LLC’s holdings, making the stock its 5th biggest holding. Magnus Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $33,017,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $51,202,000. World Investment Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after purchasing an additional 711,094 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,505,000. Finally, Marks Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $29,284,000.

JPMorgan Equity Premium Income ETF Trading Down 0.1 %

Shares of NYSEARCA JEPI opened at $58.89 on Wednesday. The firm has a market capitalization of $34.56 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The firm’s 50-day moving average is $58.96 and its 200-day moving average is $58.47.

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.