Whalen Wealth Management Inc. Cuts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Whalen Wealth Management Inc. lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 68,529 shares of the company’s stock after selling 420 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 2.7% of Whalen Wealth Management Inc.’s portfolio, making the stock its 6th biggest position. Whalen Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,942,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mattern Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.2% during the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after acquiring an additional 174 shares in the last quarter. Empirical Asset Management LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 3rd quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after buying an additional 179 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.1% in the third quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock valued at $1,030,000 after acquiring an additional 194 shares in the last quarter. Fortis Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.0% in the fourth quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock valued at $578,000 after acquiring an additional 196 shares in the last quarter. Finally, Hudock Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 4.5% in the third quarter. Hudock Inc. now owns 4,608 shares of the company’s stock worth $274,000 after acquiring an additional 199 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $58.87 on Thursday. The company’s 50-day simple moving average is $58.94 and its two-hundred day simple moving average is $58.47. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The company has a market capitalization of $34.55 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.