Acorn Wealth Advisors LLC Sells 813 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Acorn Wealth Advisors LLC cut its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,468 shares of the company’s stock after selling 813 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.1% of Acorn Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Acorn Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Clarity Wealth Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.7% during the 4th quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock valued at $3,204,000 after acquiring an additional 401 shares during the last quarter. Tandem Financial LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $757,000. Citigroup Inc. lifted its position in JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $215,000. Finally, Cornerstone Wealth Group LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1.7% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 75,109 shares of the company’s stock worth $4,470,000 after buying an additional 1,235 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1 %

Shares of NYSEARCA JEPI opened at $59.10 on Tuesday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The firm’s 50-day moving average price is $58.56 and its 200-day moving average price is $58.90. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.