Advisory Alpha LLC Sells 242 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Advisory Alpha LLC decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,563 shares of the company’s stock after selling 242 shares during the quarter. Advisory Alpha LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in JPMorgan Equity Premium Income ETF by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after purchasing an additional 815,598 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after acquiring an additional 539,682 shares during the period. Global Assets Advisory LLC increased its stake in JPMorgan Equity Premium Income ETF by 5,858.1% in the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after purchasing an additional 6,061,819 shares during the period. Cetera Investment Advisers lifted its position in JPMorgan Equity Premium Income ETF by 406.2% in the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock valued at $239,292,000 after purchasing an additional 3,318,702 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 14.6% during the second quarter. Commonwealth Equity Services LLC now owns 3,379,837 shares of the company’s stock valued at $191,569,000 after purchasing an additional 430,134 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.1 %

NYSEARCA:JEPI opened at $59.18 on Thursday. The firm has a market capitalization of $34.73 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average of $57.91 and a 200 day moving average of $57.11. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $59.58.

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.