Verus Capital Partners LLC Has $1.83 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Verus Capital Partners LLC trimmed its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 54.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,041 shares of the company’s stock after selling 38,433 shares during the quarter. Verus Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JEPI. Bank of America Corp DE increased its holdings in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after purchasing an additional 493,639 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.8% in the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock valued at $415,310,000 after purchasing an additional 201,202 shares during the period. Nationwide Fund Advisors lifted its stake in JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock valued at $405,826,000 after purchasing an additional 51,190 shares during the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of NYSEARCA JEPI opened at $55.41 on Thursday. The business’s 50 day moving average price is $56.62 and its two-hundred day moving average price is $57.51. The company has a market cap of $43.90 billion, a PE ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month 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.