JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.4% in the second quarter, Holdings Channel reports. The fund owned 267,949 shares of the company’s stock after selling 15,164 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 6.9% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Ergawealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $15,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atlas Capital Advisors Inc. boosted its position in JPMorgan Equity Premium Income ETF by 12.1% in the first quarter. Atlas Capital Advisors Inc. now owns 4,670 shares of the company’s stock valued at $267,000 after buying an additional 504 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of JPMorgan Equity Premium Income ETF by 2.5% in the 1st quarter. Ritholtz Wealth Management now owns 7,827 shares of the company’s stock valued at $447,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 8.2% during the 1st quarter. GAMMA Investing LLC now owns 130,565 shares of the company’s stock valued at $7,460,000 after acquiring an additional 9,934 shares in the last quarter. Coastline Trust Co grew its position in JPMorgan Equity Premium Income ETF by 14.0% during the 2nd quarter. Coastline Trust Co now owns 1,981 shares of the company’s stock worth $113,000 after acquiring an additional 243 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 45,589 shares of the company’s stock worth $2,592,000 after purchasing an additional 1,372 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

NYSEARCA:JEPI opened at $57.03 on Friday. The stock’s 50-day moving average is $56.76 and its 200-day moving average is $56.13. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The stock has a market cap of $41.28 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.