Raymond James & Associates Sells 333,319 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Raymond James & Associates cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,088,319 shares of the company’s stock after selling 333,319 shares during the period. Raymond James & Associates’ holdings in JPMorgan Equity Premium Income ETF were worth $124,276,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JEPI. Cobblestone Asset Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 1.5% in the third quarter. Cobblestone Asset Management LLC now owns 151,661 shares of the company’s stock valued at $9,025,000 after buying an additional 2,179 shares during the period. Stratos Investment Management LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.7% during the 3rd quarter. Stratos Investment Management LLC now owns 312,115 shares of the company’s stock worth $18,574,000 after acquiring an additional 14,104 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 105,717 shares of the company’s stock worth $6,291,000 after acquiring an additional 1,010 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 50.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,567 shares of the company’s stock valued at $510,000 after acquiring an additional 2,878 shares during the period. Finally, Madrona Financial Services LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 79.4% during the 3rd quarter. Madrona Financial Services LLC now owns 138,456 shares of the company’s stock valued at $8,240,000 after purchasing an additional 61,288 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $59.90 on Monday. The company has a market cap of $35.15 billion, a P/E ratio of 24.40 and a beta of 0.53. The firm’s fifty day moving average price is $58.63 and its two-hundred day moving average price is $57.27. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $59.97.

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.