Channel Wealth LLC Has $3.68 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Channel Wealth LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 64,352 shares of the company’s stock after selling 20,371 shares during the period. Channel Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,675,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JEPI. Kingstone Capital Partners Texas LLC increased its stake in JPMorgan Equity Premium Income ETF by 387,324.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after buying an additional 401,771,477 shares during the period. Bank of America Corp DE boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after buying an additional 690,960 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after acquiring an additional 1,327,996 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of JPMorgan Equity Premium Income ETF by 10.5% during the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after acquiring an additional 772,858 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.5%

Shares of NYSEARCA:JEPI opened at $57.24 on Thursday. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The business has a fifty day simple moving average of $57.02 and a 200 day simple moving average of $56.78.

JPMorgan Equity Premium Income ETF Profile

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.