JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Principal Securities Inc.

Principal Securities Inc. reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 526,834 shares of the company’s stock after selling 93,753 shares during the period. Principal Securities Inc. owned 0.07% of JPMorgan Equity Premium Income ETF worth $30,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JEPI. Bank of America Corp DE boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.8% during the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock valued at $415,310,000 after acquiring an additional 201,202 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.7% during the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock valued at $405,826,000 after acquiring an additional 51,190 shares during the last quarter. RiverFront Investment Group LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 24.0% during the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after acquiring an additional 737,043 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 5.0% during the 2nd quarter. MML Investors Services LLC now owns 3,357,833 shares of the company’s stock valued at $190,893,000 after acquiring an additional 158,645 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.9%

Shares of JEPI stock opened at $55.80 on Friday. The company’s 50-day moving average price is $56.54 and its 200-day moving average price is $57.48. 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 has a twelve month low of $55.10 and a twelve month high of $59.90.

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.