Childress Capital Advisors LLC Trims Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Childress Capital Advisors LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 36.8% in the 3rd quarter, Holdings Channel reports. The firm owned 170,070 shares of the company’s stock after selling 99,013 shares during the period. JPMorgan Equity Premium Income ETF makes up about 1.8% of Childress Capital Advisors LLC’s portfolio, making the stock its 11th biggest position. Childress Capital Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the period. Finally, Asset Dedication LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $28,000.

JPMorgan Equity Premium Income ETF Stock Up 0.8%

Shares of JEPI stock opened at $57.95 on Wednesday. The business’s fifty day moving average is $57.21 and its 200 day moving average is $56.95. The stock has a market cap of $41.97 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.