Balboa Wealth Partners Has $3.09 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Balboa Wealth Partners lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 51,852 shares of the company’s stock after selling 630 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 0.8% of Balboa Wealth Partners’ holdings, making the stock its 21st biggest position. Balboa Wealth Partners’ holdings in JPMorgan Equity Premium Income ETF were worth $3,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates increased its position in shares of JPMorgan Equity Premium Income ETF by 22.2% during the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after acquiring an additional 439,155 shares in the last quarter. Marshall Financial Group LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 132.0% during the 2nd quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after acquiring an additional 63,018 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 39.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after buying an additional 4,524 shares in the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $978,000. Finally, Summit Wealth Partners LLC lifted its stake in JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after purchasing an additional 957 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.4 %

Shares of JEPI stock opened at $59.78 on Friday. The company’s fifty day simple moving average is $59.20 and its two-hundred day simple moving average is $57.66. The stock has a market cap of $35.08 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $54.13 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.