Kennedy Investment Group cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,971 shares of the company’s stock after selling 30,993 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 1.8% of Kennedy Investment Group’s holdings, making the stock its 11th biggest position. Kennedy Investment Group’s holdings in JPMorgan Equity Premium Income ETF were worth $4,692,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Wealth Effects LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock valued at $1,809,000 after purchasing an additional 173 shares during the period. WESPAC Advisors SoCal LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 4.3% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock valued at $239,000 after purchasing an additional 174 shares during the period. Aspen Wealth Strategies LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 4.5% in the 4th quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after purchasing an additional 174 shares during the period. Morey & Quinn Wealth Partners LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.9% during the 4th quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock worth $213,000 after acquiring an additional 175 shares during the period. Finally, Hurley Capital LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.0% during the 3rd quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock worth $519,000 after acquiring an additional 177 shares during the period.
JPMorgan Equity Premium Income ETF Stock Performance
NYSEARCA:JEPI opened at $56.08 on Wednesday. The company has a 50-day moving average of $56.91 and a 200-day moving average of $57.57. The company has a market capitalization of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90.
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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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