MGB Wealth Management LLC Sells 500 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MGB Wealth Management LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,140 shares of the company’s stock after selling 500 shares during the period. MGB Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. JPMorgan Chase & Co. increased its stake in JPMorgan Equity Premium Income ETF by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after buying an additional 285,180 shares in the last quarter. HighTower Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock worth $212,643,000 after buying an additional 83,858 shares during the period. MML Investors Services LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 16.9% during the third quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock worth $155,331,000 after acquiring an additional 376,400 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in JPMorgan Equity Premium Income ETF by 7.0% in the third quarter. Stifel Financial Corp now owns 2,088,400 shares of the company’s stock valued at $124,281,000 after acquiring an additional 136,138 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $59.04 on Thursday. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88. The business has a 50 day simple moving average of $58.61 and a 200 day simple moving average of $58.71. The stock has a market cap of $34.65 billion, a price-to-earnings 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.