Koa Wealth Management LLC Decreases Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Koa Wealth Management LLC trimmed its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,090 shares of the company’s stock after selling 252 shares during the period. Koa Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $541,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Raymond James & Associates raised its stake in shares of JPMorgan Equity Premium Income ETF by 22.2% during the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after purchasing an additional 439,155 shares during the period. Marshall Financial Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after acquiring an additional 63,018 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake 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 acquiring an additional 4,524 shares in the last quarter. Heritage Wealth Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $978,000. Finally, Summit Wealth Partners LLC grew its stake in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.9 %

JEPI stock opened at $59.25 on Friday. The company has a market capitalization of $34.77 billion, a PE ratio of 24.40 and a beta of 0.53. The stock’s 50 day moving average is $59.23 and its two-hundred day moving average is $57.68. JPMorgan Equity Premium Income ETF has a 52-week low of $54.17 and a 52-week high of $60.20.

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.