JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Sold by Optivise Advisory Services LLC

Optivise Advisory Services LLC reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,933 shares of the company’s stock after selling 2,951 shares during the period. Optivise Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of JEPI. Tallon Kerry Patrick purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $1,774,000. Capital & Planning LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 16.3% during the fourth quarter. Capital & Planning LLC now owns 9,720 shares of the company’s stock worth $563,000 after purchasing an additional 1,360 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $402,000. JFS Wealth Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 6.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 6,620 shares of the company’s stock valued at $381,000 after purchasing an additional 430 shares during the period. Finally, Strategic Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $397,000.

JPMorgan Equity Premium Income ETF Stock Down 0.7%

Shares of JEPI opened at $55.87 on Wednesday. The company has a market cap of $39.76 billion, a P/E ratio of 24.45 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.88. The firm’s 50 day moving average price is $55.38 and its 200 day moving average price is $57.13.

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.