Gladstone Institutional Advisory LLC Sells 16,922 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Gladstone Institutional Advisory LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 33.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,095 shares of the company’s stock after selling 16,922 shares during the period. Gladstone Institutional Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after buying an additional 815,598 shares during the period. Envestnet Asset Management Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares during the period. Cetera Investment Advisers boosted its holdings in JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after purchasing an additional 52,301 shares during the period. Commonwealth Equity Services LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after purchasing an additional 285,180 shares during the period. Finally, RiverFront Investment Group LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 5.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after purchasing an additional 166,821 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.48 on Friday. The firm’s fifty day moving average price is $58.98 and its 200-day moving average price is $57.43. The stock has a market cap of $34.32 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $52.93 and a fifty-two week high of $59.97.

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.