St. Clair Advisors LLC cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 19.1% in the second quarter, HoldingsChannel.com reports. The firm owned 226,145 shares of the company’s stock after selling 53,509 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 3.3% of St. Clair Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. St. Clair Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $12,773,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of JEPI. Rice Partnership LLC grew its position in shares of 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 buying an additional 249 shares during the last quarter. Providence Capital Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $26,000. Advocate Investing Services LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $29,000. Finally, Monetary Solutions Ltd purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $30,000.
JPMorgan Equity Premium Income ETF Price Performance
Shares of JEPI opened at $57.35 on Wednesday. The company has a 50 day moving average of $56.37 and a two-hundred day moving average of $57.20. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The company has a market cap of $45.74 billion, a price-to-earnings ratio of 23.93 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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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).
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