Founders Financial Securities LLC Has $2.37 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Founders Financial Securities LLC cut its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,930 shares of the company’s stock after selling 17,807 shares during the period. Founders Financial Securities LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,366,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Uhlmann Price Securities LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at $202,000. Nations Financial Group Inc. IA ADV lifted its position in shares of JPMorgan Equity Premium Income ETF by 18.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 65,365 shares of the company’s stock worth $3,705,000 after buying an additional 10,260 shares during the last quarter. WESPAC Advisors SoCal LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 36.4% during the 1st quarter. WESPAC Advisors SoCal LLC now owns 5,698 shares of the company’s stock worth $323,000 after buying an additional 1,520 shares during the last quarter. Aspen Investment Management Inc boosted its stake in JPMorgan Equity Premium Income ETF by 18.4% in the first quarter. Aspen Investment Management Inc now owns 30,432 shares of the company’s stock valued at $1,725,000 after buying an additional 4,725 shares in the last quarter. Finally, John A. Wolfe & Associates Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $11,135,000.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $56.10 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The business’s 50-day moving average price is $56.48 and its two-hundred day moving average price is $57.42. The stock has a market cap of $44.45 billion, a PE ratio of 23.93 and a beta of 0.54.

About JPMorgan Equity Premium Income ETF

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.