Envestnet Portfolio Solutions Inc. Sells 42,877 Shares of JPMorgan Equity Premium Income ETF $JEPI

Envestnet Portfolio Solutions Inc. lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,498 shares of the company’s stock after selling 42,877 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,204,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $402,000. GAMMA Investing LLC grew its position in JPMorgan Equity Premium Income ETF by 8.2% in the 1st quarter. GAMMA Investing LLC now owns 130,565 shares of the company’s stock valued at $7,460,000 after purchasing an additional 9,934 shares during the period. CX Institutional acquired a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $66,000. Wealth Enhancement Advisory Services LLC grew its position in JPMorgan Equity Premium Income ETF by 8.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,710,856 shares of the company’s stock valued at $97,758,000 after purchasing an additional 130,869 shares during the period. Finally, Ritholtz Wealth Management grew its position in JPMorgan Equity Premium Income ETF by 2.5% in the 1st quarter. Ritholtz Wealth Management now owns 7,827 shares of the company’s stock valued at $447,000 after purchasing an additional 192 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 1.0%

NYSEARCA JEPI opened at $56.55 on Tuesday. The company has a fifty day simple moving average of $56.77 and a 200 day simple moving average of $56.10. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88. The company has a market cap of $40.92 billion, a P/E ratio of 23.93 and a beta of 0.62.

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.