Howard Financial Services LTD. Sells 848 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Howard Financial Services LTD. decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,635 shares of the company’s stock after selling 848 shares during the period. Howard Financial Services LTD.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. Duncker Streett & Co. Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $32,000. Crowley Wealth Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates bought a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $36,000.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

NYSEARCA:JEPI opened at $56.00 on Friday. The stock’s 50 day moving average price is $55.15 and its two-hundred day moving average price is $57.52. The firm has a market capitalization of $39.57 billion, a price-to-earnings ratio of 24.55 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88.

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.