CVA Family Office LLC Cuts Stock Position in JPMorgan Equity Premium Income ETF $JEPI

CVA Family Office LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 177,644 shares of the company’s stock after selling 22,565 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 1.3% of CVA Family Office LLC’s portfolio, making the stock its 18th largest holding. CVA Family Office LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares in the last quarter. Raymond James Financial Inc. lifted its position in 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 valued at $402,053,000 after purchasing an additional 636,586 shares during the period. Nationwide Fund Advisors boosted its holdings in JPMorgan Equity Premium Income ETF by 0.8% in the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after purchasing an additional 55,467 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in JPMorgan Equity Premium Income ETF by 1.4% during the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after purchasing an additional 85,326 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 1.0%

Shares of JEPI stock opened at $58.19 on Thursday. The stock has a 50 day simple moving average of $57.53 and a 200-day simple moving average of $57.07. The company has a market cap of $42.54 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-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.