Bristlecone Advisors LLC Trims Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bristlecone Advisors LLC lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,518 shares of the company’s stock after selling 5,317 shares during the period. Bristlecone Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JEPI. Raymond James & Associates boosted its stake in JPMorgan Equity Premium Income ETF by 22.2% in the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock worth $137,258,000 after purchasing an additional 439,155 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at $202,000. Marshall Financial Group LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 132.0% in the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after purchasing an additional 63,018 shares during the period. Aviance Capital Partners LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 5.4% in the first quarter. Aviance Capital Partners LLC now owns 16,100 shares of the company’s stock worth $932,000 after purchasing an additional 826 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 39.5% in the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after buying an additional 4,524 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.3 %

JPMorgan Equity Premium Income ETF stock opened at $59.23 on Friday. The stock has a market cap of $34.76 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business has a 50-day simple moving average of $58.87 and a 200 day simple moving average of $57.35. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $59.97.

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.