Axxcess Wealth Management LLC Decreases Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Axxcess Wealth Management LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,355 shares of the company’s stock after selling 18,710 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,676,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Asset Allocation Strategies LLC raised its stake in JPMorgan Equity Premium Income ETF by 3.6% in the fourth quarter. Asset Allocation Strategies LLC now owns 7,245 shares of the company’s stock valued at $398,000 after buying an additional 253 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 146.8% during the first quarter. Global Trust Asset Management LLC now owns 1,513 shares of the company’s stock worth $88,000 after buying an additional 900 shares during the period. Mosley Wealth Management purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at $578,000. Optimum Investment Advisors increased its position in shares of JPMorgan Equity Premium Income ETF by 331.3% in the 1st quarter. Optimum Investment Advisors now owns 1,294 shares of the company’s stock valued at $75,000 after acquiring an additional 994 shares during the period. Finally, Napa Wealth Management purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth $1,254,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

JEPI opened at $59.04 on Tuesday. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $59.10. The firm has a market capitalization of $34.65 billion, a PE ratio of 24.40 and a beta of 0.53. The firm has a 50 day moving average of $57.34 and a two-hundred day moving average of $56.93.

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.