JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. lessened its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 55.6% in the 3rd quarter, Holdings Channel reports. The firm owned 39,414 shares of the company’s stock after selling 49,358 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.0% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Whalen Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,216,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after buying an additional 146,792 shares during the period. Royal Bank of Canada raised its stake in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after buying an additional 449,485 shares during the period. Cetera Investment Advisers raised its stake in JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares during the period. MML Investors Services LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 8.1% during the fourth quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock worth $175,350,000 after acquiring an additional 230,264 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after acquiring an additional 107,684 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI traded up $0.10 on Thursday, reaching $56.55. The company’s stock had a trading volume of 2,007,059 shares, compared to its average volume of 5,155,415. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The business’s 50-day moving average price is $57.11 and its two-hundred day moving average price is $56.71. The firm has a market cap of $45.63 billion, a PE ratio of 23.93 and a beta of 0.53.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.