MGO One Seven LLC Lowers Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MGO One Seven LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,083 shares of the company’s stock after selling 30,660 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 0.7% of MGO One Seven LLC’s portfolio, making the stock its 19th largest position. MGO One Seven LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $17,661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Bank of America Corp DE lifted its position in JPMorgan Equity Premium Income ETF by 1.6% in the fourth quarter. Bank of America Corp DE now owns 31,254,116 shares of the company’s stock valued at $1,798,049,000 after purchasing an additional 506,627 shares during the last quarter. Wells Fargo & Company MN raised its holdings in JPMorgan Equity Premium Income ETF by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after purchasing an additional 2,051,299 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock worth $434,911,000 after purchasing an additional 774,664 shares in the last quarter. GAMMA Investing LLC raised its holdings in JPMorgan Equity Premium Income ETF by 6,084.5% in the 1st quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after purchasing an additional 7,339,853 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in JPMorgan Equity Premium Income ETF by 10.8% in the 4th quarter. Royal Bank of Canada now owns 7,346,281 shares of the company’s stock worth $422,631,000 after purchasing an additional 714,849 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.84 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $60.88. The company has a market cap of $40.97 billion, a P/E ratio of 23.93 and a beta of 0.62. The firm has a 50-day moving average of $56.43 and a 200 day moving average of $56.73.

JPMorgan Equity Premium Income ETF Company 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.