Kingsview Wealth Management LLC Has $13.39 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Kingsview Wealth Management LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,880 shares of the company’s stock after selling 123,104 shares during the quarter. Kingsview Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Crewe Advisors LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock worth $2,198,000 after purchasing an additional 9,514 shares during the period. Cascade Wealth Advisors Inc boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.9% during the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after purchasing an additional 14,899 shares during the period. Clearstead Trust LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 307.8% during the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after purchasing an additional 59,999 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 90.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock worth $1,542,000 after purchasing an additional 12,790 shares during the period. Finally, AlphaCore Capital LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 20.5% during the third quarter. AlphaCore Capital LLC now owns 74,057 shares of the company’s stock worth $4,229,000 after purchasing an additional 12,594 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.28 on Thursday. The stock has a market cap of $44.59 billion, a P/E ratio of 23.93 and a beta of 0.56. The firm has a 50 day simple moving average of $56.73 and a 200 day simple moving average of $57.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90.

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.