49 Wealth Management LLC Has $10.78 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

49 Wealth Management LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 73.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 181,149 shares of the company’s stock after selling 498,262 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 1.8% of 49 Wealth Management LLC’s holdings, making the stock its 15th largest holding. 49 Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 406.2% during the 1st quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after buying an additional 3,318,702 shares during the period. Strategic Financial Concepts LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 6,254.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after purchasing an additional 1,032,746 shares during the period. Sanctuary Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $31,505,000. Envestnet Asset Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after buying an additional 539,682 shares during the period. Finally, CWM LLC lifted its stake in JPMorgan Equity Premium Income ETF by 44.3% in the second quarter. CWM LLC now owns 1,739,888 shares of the company’s stock valued at $98,617,000 after buying an additional 534,547 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.7 %

Shares of NYSEARCA JEPI opened at $59.91 on Friday. The firm has a market cap of $35.16 billion, a PE ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average price of $59.34 and a 200 day moving average price of $57.79. JPMorgan Equity Premium Income ETF has a 1-year low of $54.27 and a 1-year high of $60.20.

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.