B. Riley Wealth Advisors Inc. Lowers Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

B. Riley Wealth Advisors Inc. trimmed its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,633 shares of the company’s stock after selling 71,996 shares during the period. JPMorgan Equity Premium Income ETF comprises about 0.6% of B. Riley Wealth Advisors Inc.’s investment portfolio, making the stock its 24th biggest position. B. Riley Wealth Advisors Inc. owned about 0.07% of JPMorgan Equity Premium Income ETF worth $21,688,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JEPI. HHM Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $28,000. Larson Financial Group LLC increased its stake in JPMorgan Equity Premium Income ETF by 129.8% during the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 314 shares during the last quarter. Burkett Financial Services LLC bought a new stake in JPMorgan Equity Premium Income ETF during the first quarter worth approximately $35,000. Morris Financial Concepts Inc. increased its stake in JPMorgan Equity Premium Income ETF by 114.1% during the first quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after acquiring an additional 331 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the first quarter worth approximately $38,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.41 on Monday. The stock has a market capitalization of $34.86 billion, a P/E ratio of 24.40 and a beta of 0.53. The business’s 50 day moving average is $57.77 and its two-hundred day moving average is $57.06. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-year high of $59.58.

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.