New Century Financial Group LLC Sells 9,768 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

New Century Financial Group LLC decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 63.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,589 shares of the company’s stock after selling 9,768 shares during the quarter. New Century Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Assets Advisory LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 5,858.1% in the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock valued at $356,724,000 after buying an additional 6,061,819 shares during the period. Cetera Investment Advisers increased its holdings in JPMorgan Equity Premium Income ETF by 406.2% in the 1st quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after acquiring an additional 3,318,702 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in JPMorgan Equity Premium Income ETF by 6,254.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after acquiring an additional 1,032,746 shares during the period. JPMorgan Chase & Co. lifted its holdings in JPMorgan Equity Premium Income ETF by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares during the last quarter. Finally, First Foundation Advisors boosted its position in JPMorgan Equity Premium Income ETF by 91.9% during the first quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock worth $69,611,000 after purchasing an additional 576,068 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.7 %

NYSEARCA JEPI opened at $59.09 on Wednesday. The company’s 50 day moving average is $57.86 and its 200-day moving average is $57.09. The firm has a market cap of $34.68 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $59.58.

JPMorgan Equity Premium Income ETF Company Profile

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.