Foundations Investment Advisors LLC Has $5.28 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Foundations Investment Advisors LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 72.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,453 shares of the company’s stock after selling 244,049 shares during the quarter. Foundations Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in 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 purchasing an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after buying an additional 1,327,996 shares in the last quarter. Raymond James Financial Inc. grew 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 acquiring an additional 636,586 shares during the last quarter. Nationwide Fund Advisors raised its stake in JPMorgan Equity Premium Income ETF by 0.8% during the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after acquiring an additional 55,467 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after acquiring an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.2%

JEPI opened at $58.55 on Friday. The company has a market cap of $43.00 billion, a P/E ratio of 23.93 and a beta of 0.60. The company’s 50 day moving average is $57.78 and its 200-day moving average is $57.14. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year 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.