Schmidt P J Investment Management Inc. Sells 463 Shares of JPMorgan Equity Premium Income ETF $JEPI

Schmidt P J Investment Management Inc. reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,803 shares of the company’s stock after selling 463 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised 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 worth $1,609,887,000 after acquiring an additional 7,443,750 shares in the last quarter. Royal Bank of Canada raised its position in shares of JPMorgan Equity Premium Income ETF by 10.5% in the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after purchasing an additional 772,858 shares during the period. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 11.3% in the first quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock valued at $434,911,000 after purchasing an additional 774,664 shares during the period. GAMMA Investing LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 6,084.5% in the first quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock valued at $426,292,000 after purchasing an additional 7,339,853 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 14.9% in the first quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock valued at $367,730,000 after purchasing an additional 833,285 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.75 on Wednesday. The firm has a market capitalization of $40.95 billion, a PE ratio of 23.93 and a beta of 0.62. The company’s 50-day moving average is $56.77 and its 200-day moving average is $56.26. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.88.

JPMorgan Equity Premium Income ETF Company 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.