Sugarloaf Wealth Management LLC Has $344,000 Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sugarloaf Wealth Management LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,985 shares of the company’s stock after selling 1,396 shares during the period. Sugarloaf Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mattern Wealth Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 2.2% during the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock worth $480,000 after acquiring an additional 174 shares during the last quarter. Empirical Asset Management LLC increased its position in JPMorgan Equity Premium Income ETF by 4.0% in the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after purchasing an additional 179 shares during the period. Aviance Capital Partners LLC raised its holdings in JPMorgan Equity Premium Income ETF by 1.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock worth $1,030,000 after purchasing an additional 194 shares during the last quarter. Hudock Inc. lifted its position in JPMorgan Equity Premium Income ETF by 4.5% during the 3rd quarter. Hudock Inc. now owns 4,608 shares of the company’s stock valued at $274,000 after purchasing an additional 199 shares during the period. Finally, Key Financial Inc boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 3rd quarter. Key Financial Inc now owns 9,798 shares of the company’s stock valued at $583,000 after purchasing an additional 200 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 1.2 %

Shares of JEPI traded down $0.69 on Friday, reaching $57.20. 4,829,064 shares of the company’s stock were exchanged, compared to its average volume of 4,000,360. The business has a 50 day moving average price of $59.18 and a two-hundred day moving average price of $58.36. JPMorgan Equity Premium Income ETF has a 12 month low of $54.72 and a 12 month high of $60.88. The stock has a market capitalization of $33.57 billion, a P/E 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.