JPMorgan Equity Premium Income ETF $JEPI Stock: Means Investment CO. Inc. Reduces Holdings

Means Investment CO. Inc. lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 97.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,346 shares of the company’s stock after selling 985,624 shares during the quarter. Means Investment CO. Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JEPI. Landmark Wealth Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. Landmark Wealth Management LLC now owns 11,707 shares of the company’s stock worth $658,000 after purchasing an additional 910 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $3,314,000. Shepherd Financial Partners LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $1,027,000. Avantax Planning Partners Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $23,481,000. Finally, Brighton Jones LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at about $738,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.43 on Monday. The stock has a market capitalization of $45.32 billion, a P/E ratio of 23.93 and a beta of 0.52. The business has a 50-day moving average of $56.85 and a 200-day moving average of $57.15. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90.

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.