Fragasso Financial Advisors Inc Sells 53,946 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fragasso Financial Advisors Inc trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 259,661 shares of the company’s stock after selling 53,946 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 1.1% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 16th biggest position. Fragasso Financial Advisors Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $14,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Mattern Wealth Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 2.2% in the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after buying an additional 174 shares in the last quarter. Empirical Asset Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% during the 3rd quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock valued at $278,000 after acquiring an additional 179 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 1.1% in 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 in the last quarter. Hudock Inc. raised its position in JPMorgan Equity Premium Income ETF by 4.5% in the third 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 last quarter. Finally, Key Financial Inc boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the third quarter. Key Financial Inc now owns 9,798 shares of the company’s stock valued at $583,000 after purchasing an additional 200 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock traded up $0.12 on Monday, hitting $57.18. The stock had a trading volume of 2,053,094 shares, compared to its average volume of 3,883,669. The stock has a 50 day moving average of $59.16 and a 200 day moving average of $58.38. The firm has a market capitalization of $33.55 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a twelve month low of $54.72 and a twelve month high of $60.88.

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.