JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Position Lowered by Koa Wealth Management LLC

Koa Wealth Management LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,090 shares of the company’s stock after selling 252 shares during the period. Koa Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of JPMorgan Equity Premium Income ETF by 406.2% in the 1st quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after buying an additional 3,318,702 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in JPMorgan Equity Premium Income ETF by 6,254.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after buying an additional 1,032,746 shares during the period. JPMorgan Chase & Co. raised its position in shares of JPMorgan Equity Premium Income ETF by 3.8% during 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $31,505,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after acquiring an additional 539,682 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $59.25 on Friday. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.17 and a 12 month high of $60.20. The stock’s 50 day moving average price is $59.23 and its 200 day moving average price is $57.68.

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.