Schmidt P J Investment Management Inc. Sells 885 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Schmidt P J Investment Management Inc. reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.5% during the 3rd quarter, Holdings Channel reports. The firm owned 5,659 shares of the company’s stock after selling 885 shares during the period. Schmidt P J Investment Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates boosted its position in shares of JPMorgan Equity Premium Income ETF by 22.2% in the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock worth $137,258,000 after purchasing an additional 439,155 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in JPMorgan Equity Premium Income ETF by 14.3% during the first quarter. Independence Bank of Kentucky now owns 13,290 shares of the company’s stock worth $769,000 after acquiring an additional 1,660 shares in the last quarter. Fiduciary Alliance LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $202,000. Marshall Financial Group LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after acquiring an additional 63,018 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 5.4% during the first quarter. Aviance Capital Partners LLC now owns 16,100 shares of the company’s stock worth $932,000 after acquiring an additional 826 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.3 %

JEPI stock opened at $59.38 on Friday. The business’s 50-day moving average price is $58.84 and its two-hundred day moving average price is $57.33. The firm has a market cap of $34.85 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-year high of $59.97.

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.