Dakota Wealth Management Lowers Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Dakota Wealth Management reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,788 shares of the company’s stock after selling 5,869 shares during the period. Dakota Wealth Management’s holdings in JPMorgan Equity Premium Income ETF were worth $1,535,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of JPMorgan Equity Premium Income ETF by 406.2% during the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after buying an additional 3,318,702 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 6,254.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after purchasing an additional 1,032,746 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares in the last quarter. First Foundation Advisors grew its stake in shares of JPMorgan Equity Premium Income ETF by 91.9% during the first quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock worth $69,611,000 after purchasing an additional 576,068 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 25.3% in the first quarter. RiverFront Investment Group LLC now owns 2,839,375 shares of the company’s stock valued at $164,286,000 after buying an additional 573,494 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $59.23 on Friday. The stock has a market cap of $34.76 billion, a PE ratio of 24.40 and a beta of 0.53. The stock’s fifty day moving average is $58.87 and its two-hundred day moving average is $57.35. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-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.