Penbrook Management LLC Sells 825 Shares of JPMorgan Equity Premium Income ETF $JEPI

Penbrook Management LLC decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,325 shares of the company’s stock after selling 825 shares during the quarter. Penbrook Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Community Bank N.A. raised its holdings in JPMorgan Equity Premium Income ETF by 10.9% in the second quarter. Community Bank N.A. now owns 175,867 shares of the company’s stock worth $9,996,000 after purchasing an additional 17,236 shares in the last quarter. Endowment Wealth Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.8% in the second quarter. Endowment Wealth Management Inc. now owns 7,277 shares of the company’s stock worth $414,000 after purchasing an additional 769 shares in the last quarter. Concord Asset Management LLC VA bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $1,340,000. M.E. Allison & CO. Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 25.2% in the second quarter. M.E. Allison & CO. Inc. now owns 61,214 shares of the company’s stock worth $3,480,000 after purchasing an additional 12,331 shares in the last quarter. Finally, Pegasus Asset Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $468,000.

JPMorgan Equity Premium Income ETF Trading Up 1.0%

JEPI opened at $56.55 on Tuesday. The stock has a fifty day simple moving average of $56.77 and a two-hundred day simple moving average of $56.10. The company has a market cap of $40.92 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88.

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.