49 Wealth Management LLC Has $10.78 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

49 Wealth Management LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 73.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,149 shares of the company’s stock after selling 498,262 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 1.8% of 49 Wealth Management LLC’s holdings, making the stock its 15th largest position. 49 Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,780,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after acquiring an additional 539,682 shares during the period. Cetera Investment Advisers lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after buying an additional 52,301 shares during the period. Commonwealth Equity Services LLC grew its position in JPMorgan Equity Premium Income ETF by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after buying an additional 285,180 shares in the last quarter. RiverFront Investment Group LLC increased its stake in JPMorgan Equity Premium Income ETF by 5.9% during the second quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after acquiring an additional 166,821 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 15.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,899,066 shares of the company’s stock valued at $164,319,000 after acquiring an additional 395,730 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $59.91 on Friday. The company has a market capitalization of $35.16 billion, a P/E ratio of 24.40 and a beta of 0.53. The firm’s fifty day moving average price is $59.34 and its two-hundred day moving average price is $57.79. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.27 and a fifty-two week high of $60.20.

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.