B. Riley Wealth Advisors Inc. Sells 18,732 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

B. Riley Wealth Advisors Inc. cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.9% during the third quarter, HoldingsChannel.com reports. The fund owned 363,901 shares of the company’s stock after selling 18,732 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 0.6% of B. Riley Wealth Advisors Inc.’s investment portfolio, making the stock its 24th biggest holding. B. Riley Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $21,560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiduciary Financial Group LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $221,000. Raymond James & Associates grew its position in shares of 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 worth $137,258,000 after buying an additional 439,155 shares in the last quarter. Marshall Financial Group LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after buying an additional 63,018 shares during the period. Family Investment Center Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $230,000. Finally, KFG Wealth Management LLC grew its holdings in JPMorgan Equity Premium Income ETF by 49.1% during the 2nd quarter. KFG Wealth Management LLC now owns 23,074 shares of the company’s stock worth $1,308,000 after acquiring an additional 7,597 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $59.41 on Friday. The firm has a 50-day simple moving average of $59.65 and a 200-day simple moving average of $58.13. JPMorgan Equity Premium Income ETF has a one year low of $54.62 and a one year high of $60.88. The firm has a market cap of $34.86 billion, a P/E 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.