Lake Street Private Wealth LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Lake Street Private Wealth LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 123,905 shares of the company’s stock after selling 8,387 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 1.2% of Lake Street Private Wealth LLC’s holdings, making the stock its 16th biggest position. Lake Street Private Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Meadow Creek Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 7.8% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 70,165 shares of the company’s stock worth $4,176,000 after buying an additional 5,101 shares in the last quarter. Chris Bulman Inc increased its stake in JPMorgan Equity Premium Income ETF by 40.7% during the 3rd quarter. Chris Bulman Inc now owns 4,043 shares of the company’s stock worth $241,000 after buying an additional 1,169 shares in the last quarter. Saxony Capital Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 26.0% during the 3rd quarter. Saxony Capital Management LLC now owns 17,148 shares of the company’s stock worth $1,020,000 after buying an additional 3,538 shares in the last quarter. Private Advisor Group LLC increased its stake in JPMorgan Equity Premium Income ETF by 9.9% during the 3rd quarter. Private Advisor Group LLC now owns 159,546 shares of the company’s stock worth $9,495,000 after buying an additional 14,333 shares in the last quarter. Finally, FSC Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 5.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 7,112 shares of the company’s stock worth $423,000 after buying an additional 338 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.2 %

NYSEARCA:JEPI traded down $0.11 during trading hours on Wednesday, hitting $59.49. 643,288 shares of the stock were exchanged, compared to its average volume of 3,126,485. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $59.97. The firm’s fifty day moving average price is $58.76 and its 200 day moving average price is $57.30. The company has a market cap of $34.91 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.