Merit Financial Group LLC Trims Stake in JPMorgan Equity Premium Income ETF $JEPI

Merit Financial Group LLC cut its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.0% in the second quarter, HoldingsChannel reports. The firm owned 157,668 shares of the company’s stock after selling 19,410 shares during the period. Merit Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,905,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Morgan Stanley grew its position in shares of JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after buying an additional 261,872 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after acquiring an additional 449,485 shares in the last quarter. Raymond James Financial Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after acquiring an additional 825,889 shares during the period. Finally, Cetera Investment Advisers lifted its stake in JPMorgan Equity Premium Income ETF by 10.0% in the first 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.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.02 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm’s 50-day moving average is $56.69 and its two-hundred day moving average is $57.18. The stock has a market cap of $46.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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.