LPL Financial LLC Decreases Position in JPMorgan Equity Premium Income ETF $JEPI

LPL Financial LLC decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,175,885 shares of the company’s stock after selling 71,683 shares during the period. LPL Financial LLC owned approximately 0.57% of JPMorgan Equity Premium Income ETF worth $239,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $161,000. Endeavor Private Wealth Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 11.9% in the fourth quarter. Endeavor Private Wealth Inc. now owns 16,139 shares of the company’s stock worth $931,000 after acquiring an additional 1,713 shares in the last quarter. Arrowroot Family Office LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 10.4% in the fourth quarter. Arrowroot Family Office LLC now owns 21,055 shares of the company’s stock worth $1,205,000 after acquiring an additional 1,989 shares in the last quarter. Atlantic Private Wealth LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 34.4% in the fourth quarter. Atlantic Private Wealth LLC now owns 16,206 shares of the company’s stock worth $928,000 after acquiring an additional 4,152 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA lifted its stake in shares of JPMorgan Equity Premium Income ETF by 2.3% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,902 shares of the company’s stock worth $510,000 after acquiring an additional 202 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $55.80 on Wednesday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The business’s 50-day simple moving average is $56.56 and its 200 day simple moving average is $57.49. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

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.