Citizens Financial Group Inc. RI Cuts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Citizens Financial Group Inc. RI decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,206 shares of the company’s stock after selling 1,345 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in JPMorgan Equity Premium Income ETF were worth $1,321,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Raymond James & Associates lifted its holdings in JPMorgan Equity Premium Income ETF by 22.2% during the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after buying an additional 439,155 shares in the last quarter. Marshall Financial Group LLC lifted its position in JPMorgan Equity Premium Income ETF by 132.0% during the 2nd quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after acquiring an additional 63,018 shares during the period. Sequoia Financial Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 39.5% in the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after buying an additional 4,524 shares during the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $978,000. Finally, Summit Wealth Partners LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after buying an additional 957 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $60.17 on Friday. The firm’s 50 day simple moving average is $59.36 and its 200-day simple moving average is $57.81. JPMorgan Equity Premium Income ETF has a 12 month low of $54.27 and a 12 month high of $60.20. The stock has a market capitalization of $35.31 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.