Pennsylvania Capital Management Inc. ADV Has $1.72 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Pennsylvania Capital Management Inc. ADV cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,824 shares of the company’s stock after selling 63,492 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 0.6% of Pennsylvania Capital Management Inc. ADV’s investment portfolio, making the stock its 26th biggest position. Pennsylvania Capital Management Inc. ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $1,716,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JEPI. Citigroup Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 51.8% in the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after acquiring an additional 50,459 shares in the last quarter. Accurate Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $215,000. Whittier Trust Co. acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter worth $108,000. Creative Planning increased its stake in shares of JPMorgan Equity Premium Income ETF by 44.6% in the third quarter. Creative Planning now owns 139,002 shares of the company’s stock valued at $8,272,000 after buying an additional 42,854 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.7% in the third quarter. Cornerstone Wealth Group LLC now owns 75,109 shares of the company’s stock valued at $4,470,000 after buying an additional 1,235 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.7 %

Shares of NYSEARCA JEPI opened at $58.56 on Tuesday. The company has a market cap of $34.36 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The firm’s 50-day simple moving average is $58.83 and its 200 day simple moving average is $58.62.

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.