Franklin Resources Inc. Sells 659,530 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Franklin Resources Inc. lessened its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 39.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,017,028 shares of the company’s stock after selling 659,530 shares during the period. Franklin Resources Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $60,727,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Synovus Financial Corp grew its position in shares of JPMorgan Equity Premium Income ETF by 25.4% in the 3rd quarter. Synovus Financial Corp now owns 579,553 shares of the company’s stock valued at $34,489,000 after acquiring an additional 117,335 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $717,000. Sfmg LLC grew its holdings in JPMorgan Equity Premium Income ETF by 2.9% during the third quarter. Sfmg LLC now owns 220,902 shares of the company’s stock worth $13,146,000 after purchasing an additional 6,123 shares during the period. World Investment Advisors LLC increased its position in JPMorgan Equity Premium Income ETF by 48.1% during the third quarter. World Investment Advisors LLC now owns 140,665 shares of the company’s stock worth $8,371,000 after buying an additional 45,660 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 9.3% in the third quarter. Sanctuary Advisors LLC now owns 611,702 shares of the company’s stock valued at $36,800,000 after buying an additional 51,920 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.3 %

Shares of NYSEARCA JEPI opened at $59.25 on Tuesday. JPMorgan Equity Premium Income ETF has a 12 month low of $54.62 and a 12 month high of $60.88. The stock has a 50 day moving average of $59.65 and a 200-day moving average of $58.18. The company has a market capitalization of $34.77 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.