OneAscent Wealth Management LLC Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

OneAscent Wealth Management LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,055 shares of the company’s stock after selling 3,832 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 1.3% of OneAscent Wealth Management LLC’s holdings, making the stock its 8th largest holding. OneAscent Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. Family Management Corp bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth $25,000. Salem Investment Counselors Inc. bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $27,000. Patriot Investment Management Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $27,000. WealthShield Partners LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth about $29,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $31,000.

JPMorgan Equity Premium Income ETF Stock Down 0.7 %

Shares of JEPI traded down $0.40 on Friday, hitting $55.19. The company’s stock had a trading volume of 3,465,192 shares, compared to its average volume of 4,569,698. The firm’s fifty day moving average price is $55.30 and its 200-day moving average price is $54.63. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.92 and a fifty-two week high of $56.92. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 21.55 and a beta of 0.62.

JPMorgan Equity Premium Income ETF 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.