Stonebridge Financial Group LLC Sells 34,108 Shares of JPMorgan Equity Premium Income ETF $JEPI

Stonebridge Financial Group LLC lowered its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 22.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,877 shares of the company’s stock after selling 34,108 shares during the period. Stonebridge Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,488,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Equitable Holdings Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 3,477.6% in the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after buying an additional 1,801,951 shares during the period. Tableaux LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after acquiring an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after acquiring an additional 825,889 shares in the last quarter. SHP Wealth Management acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $42,882,000. Finally, RiverFront Investment Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 24.0% during the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after acquiring an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.1%

Shares of NYSEARCA JEPI opened at $57.35 on Tuesday. The firm has a market cap of $45.71 billion, a PE ratio of 23.93 and a beta of 0.54. The company’s fifty day simple moving average is $56.35 and its 200 day simple moving average is $57.21. 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.