Wellington Altus USA Inc. Has $1.41 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Wellington Altus USA Inc. trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,907 shares of the company’s stock after selling 10,612 shares during the period. JPMorgan Equity Premium Income ETF accounts for 0.9% of Wellington Altus USA Inc.’s investment portfolio, making the stock its 24th biggest holding. Wellington Altus USA Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,412,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after buying an additional 449,485 shares in the last quarter. Cetera Investment Advisers boosted its position in JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after acquiring an additional 553,011 shares during the period. MML Investors Services LLC grew its stake in JPMorgan Equity Premium Income ETF by 8.1% during the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after acquiring an additional 230,264 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Equity Premium Income ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,003,765 shares of the company’s stock valued at $171,936,000 after acquiring an additional 72,427 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after purchasing an additional 107,684 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI traded up $0.30 during mid-day trading on Thursday, reaching $56.23. The company had a trading volume of 3,643,250 shares, compared to its average volume of 5,246,481. The company has a market capitalization of $44.85 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The stock has a fifty day moving average of $57.21 and a two-hundred day moving average of $56.89. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90.

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.