JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 381,952 shares of the company’s stock after selling 9,460 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.5% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 14th biggest holding. Pinnacle Wealth Management Advisory Group LLC owned approximately 0.05% of JPMorgan Equity Premium Income ETF worth $21,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $29,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $31,000. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $33,000. Finally, VSM Wealth Advisory LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.82 on Monday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90. The firm has a market capitalization of $45.02 billion, a PE ratio of 23.93 and a beta of 0.56. The stock’s 50-day simple moving average is $57.58 and its 200-day simple moving average is $57.65.

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.