Lionsbridge Wealth Management LLC Sells 8,599 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Lionsbridge Wealth Management LLC reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.2% in the third quarter, HoldingsChannel.com reports. The fund owned 62,144 shares of the company’s stock after selling 8,599 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 2.9% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 7th biggest position. Lionsbridge Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nvwm LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 1.7% during the 1st quarter. Nvwm LLC now owns 14,548 shares of the company’s stock valued at $842,000 after acquiring an additional 250 shares during the period. Smithfield Trust Co bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $110,000. WealthPLAN Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 1st quarter. WealthPLAN Partners LLC now owns 104,241 shares of the company’s stock worth $6,031,000 after purchasing an additional 1,382 shares in the last quarter. Montag A & Associates Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 4.4% in the 1st quarter. Montag A & Associates Inc. now owns 8,889 shares of the company’s stock valued at $514,000 after buying an additional 376 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in JPMorgan Equity Premium Income ETF by 9.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 48,490 shares of the company’s stock valued at $2,806,000 after buying an additional 4,321 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $60.01 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $53.33 and a 52-week high of $60.10. The business’s 50 day simple moving average is $59.06 and its two-hundred day simple moving average is $57.56. The firm has a market cap of $35.22 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.