Meridian Wealth Management LLC trimmed its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 5.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,196 shares of the company’s stock after selling 1,033 shares during the quarter. Meridian Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,023,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at $38,000. Running Point Capital Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after purchasing an additional 362 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at about $43,000.
JPMorgan Equity Premium Income ETF Stock Up 0.4 %
Shares of JEPI opened at $60.16 on Friday. The firm has a market capitalization of $35.30 billion, a PE ratio of 24.40 and a beta of 0.53. The firm has a 50-day moving average price of $59.36 and a 200 day moving average price of $57.82. JPMorgan Equity Premium Income ETF has a 52-week low of $54.27 and a 52-week high of $60.20.
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.
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