Janney Montgomery Scott LLC Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Janney Montgomery Scott LLC lessened its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,566,131 shares of the company’s stock after selling 4,420 shares during the quarter. Janney Montgomery Scott LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $152,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in JEPI. Mattern Wealth Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 2.2% during the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock worth $480,000 after buying an additional 174 shares during the last quarter. Empirical Asset Management LLC raised its position in JPMorgan Equity Premium Income ETF by 4.0% during the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after acquiring an additional 179 shares during the last quarter. FSC Wealth Advisors LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 2.9% during the 2nd quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock valued at $384,000 after buying an additional 188 shares during the period. Hixon Zuercher LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 3.7% in the 2nd quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock worth $302,000 after buying an additional 190 shares during the period. Finally, Hudock Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 4.5% in the third quarter. Hudock Inc. now owns 4,608 shares of the company’s stock valued at $274,000 after acquiring an additional 199 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.47 on Friday. The firm has a market capitalization of $34.31 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $52.93 and a one year high of $59.97. The stock’s 50 day moving average price is $58.98 and its 200 day moving average price is $57.43.

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.