Greenwich Wealth Management LLC Cuts Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Greenwich Wealth Management LLC decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.3% in the third quarter, Holdings Channel reports. The institutional investor owned 49,114 shares of the company’s stock after selling 623 shares during the period. Greenwich Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,923,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEPI. Sequoia Financial Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 100.1% during the first quarter. Sequoia Financial Advisors LLC now owns 11,456 shares of the company’s stock worth $663,000 after acquiring an additional 5,731 shares during the last quarter. StoneX Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $582,000. Moloney Securities Asset Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 6.2% during the first quarter. Moloney Securities Asset Management LLC now owns 14,672 shares of the company’s stock worth $849,000 after acquiring an additional 861 shares during the last quarter. Lincoln National Corp boosted its position in JPMorgan Equity Premium Income ETF by 14.3% during the first quarter. Lincoln National Corp now owns 200,490 shares of the company’s stock worth $11,600,000 after acquiring an additional 25,047 shares during the last quarter. Finally, Curran Financial Partners LLC boosted its position in JPMorgan Equity Premium Income ETF by 2.2% during the first quarter. Curran Financial Partners LLC now owns 207,402 shares of the company’s stock worth $12,000,000 after acquiring an additional 4,388 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.3 %

JEPI stock traded up $0.15 during trading on Friday, reaching $58.47. 3,243,723 shares of the stock were exchanged, compared to its average volume of 3,127,046. The business has a 50 day moving average price of $58.98 and a 200-day moving average price of $57.43. JPMorgan Equity Premium Income ETF has a 1 year low of $52.93 and a 1 year high of $59.97. The firm has a market capitalization of $34.31 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.