Baker Avenue Asset Management LP lowered its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,914 shares of the company’s stock after selling 27,081 shares during the period. Baker Avenue Asset Management LP’s holdings in JPMorgan Equity Premium Income ETF were worth $4,059,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in JEPI. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $29,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $31,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $33,000. Finally, VSM Wealth Advisory LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the period.
JPMorgan Equity Premium Income ETF Price Performance
Shares of JEPI stock opened at $56.20 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.15 and a 1 year high of $59.90. The firm has a fifty day moving average price of $56.70 and a 200-day moving average price of $57.55. The company has a market cap of $44.53 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.
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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