JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Sold by Summit Wealth Partners LLC

Summit Wealth Partners LLC lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 73,350 shares of the company’s stock after selling 2,303 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 0.9% of Summit Wealth Partners LLC’s holdings, making the stock its 28th largest holding. Summit Wealth Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at $25,000. Ulland Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $31,000. Running Point Capital Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares in the last quarter. Missouri Trust & Investment Co lifted its stake in shares of JPMorgan Equity Premium Income ETF by 737.2% during the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after purchasing an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% during the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after purchasing an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $58.94 on Thursday. The stock’s 50-day moving average is $58.75 and its two-hundred day moving average is $58.63. The stock has a market cap of $34.59 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88.

JPMorgan Equity Premium Income ETF 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.