Ergawealth Advisors Inc. has significantly reduced its holdings in the JPMorgan Equity Premium Income ETF (NYSEARCA: JEPI) by 31.7% during the third quarter of this year, according to a recent filing with the Securities & Exchange Commission. Following the sale of 84,843 shares, the firm now holds 183,106 shares, which constitutes approximately 4.9% of its investment portfolio, making this ETF its seventh largest position. The total value of Ergawealth’s holdings in JEPI is estimated at $10,455,000 as of the end of the quarter.
Several other institutional investors have also adjusted their positions in the ETF. For example, Scott Capital Advisors LLC increased its stake by 124.4%, acquiring an additional 68,548 shares during the same period. Scott Capital now owns 123,643 shares valued at approximately $7,037,000. Similarly, Cambridge Advisors Inc. boosted its holdings by 8.8%, now owning 187,501 shares worth around $10,706,000 after purchasing an additional 15,195 shares.
In the second quarter, Geneos Wealth Management Inc. also raised its position in JEPI by 20.0%, resulting in a total of 285,816 shares valued at $16,249,000. Another increase came from Coastline Trust Co., which lifted its stake by 14.0%, bringing its total to 1,981 shares worth $113,000. Lastly, Cooper Financial Group enhanced its holdings by 3.9%, owning 423,502 shares valued at $24,182,000.
Current Performance Metrics
As of the latest trading session, shares of the JPMorgan Equity Premium Income ETF opened at $57.98. The stock has experienced a 12-month range, hitting a low of $49.94 and a high of $59.73. It has a market capitalization of $41.50 billion, a price-to-earnings ratio of 23.93, and a beta of 0.60, indicating lower volatility compared to the overall market.
The JPMorgan Equity Premium Income ETF, launched on May 20, 2020, is an actively-managed fund designed to mirror the performance of the S&P 500 index while providing lower volatility and monthly income through investments in large-cap US stocks and equity-linked notes (ELNs). The fund is managed by JPMorgan, aiming to deliver reliable returns for investors.
With ongoing adjustments in institutional holdings, the interest in the JPMorgan Equity Premium Income ETF reflects broader trends in investment strategies as firms seek to navigate the complexities of the current financial landscape. Investors are encouraged to stay informed about these changes, particularly as they relate to their portfolios.
