Sequoia Financial Advisors LLC Sells 9,737 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sequoia Financial Advisors LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 60.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,243 shares of the company’s stock after selling 9,737 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Mattern Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 2.2% in the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after purchasing an additional 174 shares in the last quarter. Vicus Capital lifted its stake in JPMorgan Equity Premium Income ETF by 5.8% during the third quarter. Vicus Capital now owns 94,671 shares of the company’s stock worth $5,634,000 after purchasing an additional 5,229 shares during the last quarter. DeDora Capital Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 49.9% during the third quarter. DeDora Capital Inc. now owns 7,882 shares of the company’s stock worth $469,000 after purchasing an additional 2,625 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $3,647,000. Finally, Foundations Investment Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 6.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 282,319 shares of the company’s stock valued at $16,801,000 after acquiring an additional 17,084 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $59.36 on Tuesday. The business has a 50 day simple moving average of $58.90 and a two-hundred day simple moving average of $57.37. The firm has a market capitalization of $34.83 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $51.74 and a one year high of $59.97.

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.