JPMorgan Equity Premium Income ETF $JEPI Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,423 shares of the company’s stock after selling 23,950 shares during the period. EverSource Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,562,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $402,000. AQR Capital Management LLC grew its holdings in JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the first quarter worth $847,000. Schnieders Capital Management LLC. purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $3,093,000. Finally, First Trust Advisors LP acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $529,000.

JPMorgan Equity Premium Income ETF Stock Up 0.7%

Shares of NYSEARCA:JEPI opened at $57.48 on Wednesday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock’s fifty day simple moving average is $56.27 and its 200-day simple moving average is $57.23. The company has a market capitalization of $45.91 billion, a P/E ratio of 23.93 and a beta of 0.54.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.