JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Ergawealth Advisors Inc.’s 3rd Largest Position

Ergawealth Advisors Inc. cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 297,876 shares of the company’s stock after selling 8,973 shares during the period. JPMorgan Equity Premium Income ETF comprises about 8.5% of Ergawealth Advisors Inc.’s holdings, making the stock its 3rd largest holding. Ergawealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $17,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JEPI. Bank of Jackson Hole Trust acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. Ulland Investment Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $31,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $32,000. Running Point Capital Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its position in shares of JPMorgan Equity Premium Income ETF by 737.2% during the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after purchasing an additional 634 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $58.69 on Friday. The business’s 50-day simple moving average is $58.62 and its 200-day simple moving average is $58.92. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The stock has a market capitalization of $39.23 billion, a P/E ratio of 25.75 and a beta of 0.61.

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.