Summit Wealth Partners LLC Reduces Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Summit Wealth Partners LLC decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,350 shares of the company’s stock after selling 2,303 shares during the period. JPMorgan Equity Premium Income ETF accounts for 0.9% of Summit Wealth Partners LLC’s investment portfolio, making the stock its 28th biggest position. 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 SEC.

Several other hedge funds also recently bought and sold shares of JEPI. AQR Capital Management LLC purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $295,000. Alpha Financial Partners LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 45.5% in the third quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock valued at $3,550,000 after purchasing an additional 18,662 shares during the period. Park Place Capital Corp purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at $392,000. Brookstone Capital Management grew its position in shares of JPMorgan Equity Premium Income ETF by 6.3% in the third quarter. Brookstone Capital Management now owns 754,765 shares of the company’s stock valued at $44,916,000 after purchasing an additional 44,993 shares during the period. Finally, Marquette Asset Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 2.0% in the third quarter. Marquette Asset Management LLC now owns 297,964 shares of the company’s stock valued at $17,732,000 after purchasing an additional 5,904 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.5 %

Shares of NYSEARCA:JEPI opened at $58.94 on Thursday. The company has a market cap of $34.59 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 $54.77 and a 52 week high of $60.88. The business has a fifty day simple moving average of $58.75 and a 200-day simple moving average of $58.63.

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.