Brown Advisory Inc. Sells 8,827 Shares of JPMorgan Equity Premium Income ETF $JEPI

Brown Advisory Inc. decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,518 shares of the company’s stock after selling 8,827 shares during the period. Brown Advisory Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,223,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. M Holdings Securities Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 60.3% during the 2nd quarter. M Holdings Securities Inc. now owns 69,639 shares of the company’s stock worth $3,954,000 after acquiring an additional 26,186 shares during the last quarter. GeoWealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 49.8% during the second quarter. GeoWealth Management LLC now owns 25,005 shares of the company’s stock worth $1,422,000 after purchasing an additional 8,312 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 9.4% during the second quarter. Baird Financial Group Inc. now owns 1,383,274 shares of the company’s stock worth $78,639,000 after purchasing an additional 119,026 shares during the last quarter. First Trust Advisors LP bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $529,000. Finally, Crescent Grove Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 35.6% in the 2nd quarter. Crescent Grove Advisors LLC now owns 61,161 shares of the company’s stock valued at $3,477,000 after buying an additional 16,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.7%

Shares of NYSEARCA JEPI opened at $57.41 on Thursday. The company has a market capitalization of $41.09 billion, a PE ratio of 23.93 and a beta of 0.60. The stock’s 50 day moving average price is $56.95 and its 200-day moving average price is $56.72. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.86.

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.