BCGM Wealth Management LLC Has $1.39 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

BCGM Wealth Management LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.9% during the third quarter, Holdings Channel reports. The institutional investor owned 23,424 shares of the company’s stock after selling 695 shares during the quarter. BCGM Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings 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 acquiring an additional 3,318,702 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 6,254.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock worth $595,000 after buying an additional 1,032,746 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth approximately $31,505,000. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after buying an additional 539,682 shares during the period. Finally, CWM LLC boosted its stake in JPMorgan Equity Premium Income ETF by 44.3% in the second quarter. CWM LLC now owns 1,739,888 shares of the company’s stock valued at $98,617,000 after acquiring an additional 534,547 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.27 on Friday. The firm has a fifty day moving average of $59.23 and a two-hundred day moving average of $57.70. The stock has a market capitalization of $34.78 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. 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.