Madrona Financial Services LLC Sells 65,048 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Madrona Financial Services LLC decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,408 shares of the company’s stock after selling 65,048 shares during the period. JPMorgan Equity Premium Income ETF comprises about 1.1% of Madrona Financial Services LLC’s holdings, making the stock its 25th largest holding. Madrona Financial Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in JEPI. Heritage Wealth Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $978,000. Citigroup Inc. raised its stake in JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after buying an additional 50,459 shares during the last quarter. Summit Wealth Partners LLC raised its stake in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after buying an additional 957 shares during the last quarter. Horizon Advisory Services Inc. raised its stake in JPMorgan Equity Premium Income ETF by 0.5% during the second quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock worth $26,766,000 after buying an additional 2,158 shares during the last quarter. Finally, Brown Financial Advisors bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $3,263,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $58.87 on Thursday. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88. The firm has a fifty day simple moving average of $58.94 and a 200 day simple moving average of $58.47. The company has a market capitalization of $34.55 billion, a PE ratio of 24.40 and a beta of 0.53.

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.