Sound Income Strategies LLC Trims Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sound Income Strategies LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,176 shares of the company’s stock after selling 1,500 shares during the period. Sound Income Strategies LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. HHM Wealth Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $28,000. Larson Financial Group LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 129.8% in the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after purchasing an additional 314 shares during the period. Burkett Financial Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth $35,000. Morris Financial Concepts Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 114.1% in the first quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after buying an additional 331 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at $38,000.

JPMorgan Equity Premium Income ETF Stock Up 0.5 %

Shares of NYSEARCA JEPI opened at $59.46 on Monday. The stock’s 50-day simple moving average is $58.23 and its two-hundred day simple moving average is $57.18. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month high of $59.58. The firm has a market capitalization of $34.89 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.