SageGuard Financial Group LLC Cuts Holdings in JPMorgan Equity Premium Income ETF $JEPI

SageGuard Financial Group LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 224,230 shares of the company’s stock after selling 74,218 shares during the period. JPMorgan Equity Premium Income ETF comprises 2.0% of SageGuard Financial Group LLC’s investment portfolio, making the stock its 14th biggest position. SageGuard Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $12,709,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JEPI. Walled Lake Planning & Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.7% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock worth $369,000 after buying an additional 171 shares in the last quarter. Wealth Effects LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after buying an additional 173 shares during the last quarter. WESPAC Advisors SoCal LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 4.3% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock valued at $239,000 after acquiring an additional 174 shares in the last quarter. Aspen Wealth Strategies LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 4.5% in the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after acquiring an additional 174 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after acquiring an additional 175 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.16 on Monday. The business’s fifty day simple moving average is $56.31 and its 200 day simple moving average is $57.38. The firm has a market capitalization of $44.50 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 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.