Essex Financial Services Inc. Sells 24,798 Shares of JPMorgan Equity Premium Income ETF $JEPI

Essex Financial Services Inc. decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,307 shares of the company’s stock after selling 24,798 shares during the quarter. Essex Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $4,368,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JEPI. FNY Investment Advisers LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000. BTG Pactual Asset Management US LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $31,000. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $33,000. Finally, VSM Wealth Advisory LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.04 on Friday. The company has a market cap of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52-week low of $55.15 and a 52-week high of $59.90. The firm’s 50 day moving average price is $56.68 and its 200-day moving average price is $57.54.

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.