Envestnet Portfolio Solutions Inc. Sells 42,877 Shares of JPMorgan Equity Premium Income ETF $JEPI

Envestnet Portfolio Solutions Inc. cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,498 shares of the company’s stock after selling 42,877 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its position in JPMorgan Equity Premium Income ETF by 387,324.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after acquiring an additional 401,771,477 shares in the last quarter. JPMorgan Chase & Co. grew its position in JPMorgan Equity Premium Income ETF by 35.9% during the first quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock valued at $1,609,887,000 after acquiring an additional 7,443,750 shares during the last quarter. Royal Bank of Canada grew its position in JPMorgan Equity Premium Income ETF by 10.5% during the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after acquiring an additional 772,858 shares during the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock valued at $434,911,000 after acquiring an additional 774,664 shares during the last quarter. Finally, Nationwide Fund Advisors bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $396,998,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $56.55 on Tuesday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88. The firm’s 50 day simple moving average is $56.77 and its two-hundred day simple moving average is $56.10. The stock has a market capitalization of $40.92 billion, a P/E ratio of 23.93 and a beta of 0.62.

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.