JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stake Cut by BKM Wealth Management LLC

BKM Wealth Management LLC reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,214 shares of the company’s stock after selling 463 shares during the period. BKM Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,806,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Perritt Capital Management Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 44.4% during the 3rd quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $35,000. Capital Advisors Ltd. LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 79.3% during the 4th quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock valued at $36,000 after acquiring an additional 291 shares during the last quarter. BOK Financial Private Wealth Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 400.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock valued at $42,000 after acquiring an additional 600 shares during the last quarter. Finally, Roble Belko & Company Inc acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $42,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI traded down $0.55 during mid-day trading on Monday, reaching $56.13. 1,767,821 shares of the company traded hands, compared to its average volume of 3,276,572. The stock has a market cap of $32.94 billion, a PE ratio of 24.40 and a beta of 0.53. The company’s fifty day moving average is $56.59 and its two-hundred day moving average is $56.32. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94.

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.