Mainstream Capital Management LLC cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,850 shares of the company’s stock after selling 9,799 shares during the quarter. Mainstream Capital Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,068,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Rice Partnership LLC increased its stake in JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $26,000. FNY Investment Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $29,000. Finally, Monetary Solutions Ltd purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $30,000.
JPMorgan Equity Premium Income ETF Price Performance
JEPI stock opened at $55.83 on Wednesday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The company’s 50 day simple moving average is $56.41 and its 200-day simple moving average is $57.41. The firm has a market capitalization of $44.24 billion, a P/E ratio of 23.93 and a beta of 0.54.
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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
See Also
- Five stocks we like better than JPMorgan Equity Premium Income ETF
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Want to see what other hedge funds are holding JEPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report).
Receive News & Ratings for JPMorgan Equity Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Equity Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
