Rooted Wealth Advisors Inc. Sells 53,884 Shares of JPMorgan Equity Premium Income ETF $JEPI

Rooted Wealth Advisors Inc. decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,439 shares of the company’s stock after selling 53,884 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 3.7% of Rooted Wealth Advisors Inc.’s portfolio, making the stock its 5th biggest position. Rooted Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $13,265,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JEPI. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $402,000. AQR Capital Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after acquiring an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter worth about $847,000. Schnieders Capital Management LLC. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $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 about $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.33 on Monday. JPMorgan Equity Premium Income ETF has a one year low of $55.15 and a one year high of $59.90. The business’s 50-day simple moving average is $56.79 and its 200 day simple moving average is $57.56. The stock has a market cap of $44.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.

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.