Cornerstone Wealth Group LLC Reduces Holdings in JPMorgan Equity Premium Income ETF $JEPI

Cornerstone Wealth Group LLC lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 86.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,167 shares of the company’s stock after selling 91,782 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Equitable Holdings Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 3,477.6% in the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock worth $106,110,000 after acquiring an additional 1,801,951 shares in the last quarter. Tableaux LLC grew its stake in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after purchasing an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. grew its stake in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after purchasing an additional 825,889 shares in the last quarter. Tcfg Wealth Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after purchasing an additional 810,739 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $42,882,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.16 on Monday. The business’s 50 day moving average is $56.31 and its two-hundred day moving average is $57.38. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The firm has a market cap of $44.50 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

About JPMorgan Equity Premium Income ETF

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.