Pinnacle Financial Partners Inc Trims Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Pinnacle Financial Partners Inc lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,997 shares of the company’s stock after selling 1,384 shares during the period. Pinnacle Financial Partners Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $5,951,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $38,000. Centerpoint Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $43,000. Finally, Brown Lisle Cummings Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $60.02 on Thursday. The stock has a market capitalization of $35.22 billion, a PE ratio of 24.40 and a beta of 0.53. The business’s fifty day moving average price is $59.16 and its 200 day moving average price is $57.65. JPMorgan Equity Premium Income ETF has a 12-month low of $54.10 and a 12-month high of $60.20.

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.