Cornerstone Enterprises LLC Sells 201,230 Shares of JPMorgan Equity Premium Income ETF $JEPI

Cornerstone Enterprises LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 35.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 366,180 shares of the company’s stock after selling 201,230 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 12.5% of Cornerstone Enterprises LLC’s portfolio, making the stock its 2nd largest position. Cornerstone Enterprises LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $20,587,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in JEPI. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after purchasing an additional 146,792 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after purchasing an additional 107,684 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after purchasing an additional 68,589 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.16 on Friday. The firm has a market capitalization of $45.91 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The business’s 50-day moving average price is $57.04 and its 200-day moving average price is $56.74.

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.