Marcum Wealth LLC Has $741,000 Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Marcum Wealth LLC lowered its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,074 shares of the company’s stock after selling 934 shares during the quarter. Marcum Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $741,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JEPI. Global Assets Advisory LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 5,858.1% during the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock valued at $356,724,000 after acquiring an additional 6,061,819 shares during the period. Cetera Investment Advisers raised its stake in shares of JPMorgan Equity Premium Income ETF by 406.2% during the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after buying an additional 3,318,702 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at $47,650,000. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 39.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,503,336 shares of the company’s stock worth $144,843,000 after purchasing an additional 703,731 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 2.5 %

Shares of NYSEARCA JEPI traded down $1.39 during midday trading on Monday, reaching $54.98. The company’s stock had a trading volume of 9,679,450 shares, compared to its average volume of 3,311,820. The stock has a 50 day simple moving average of $56.56 and a 200-day simple moving average of $56.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94. The stock has a market capitalization of $32.26 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.