Pinnacle Associates Ltd. trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681,262 shares of the company’s stock after selling 13,574 shares during the quarter. Pinnacle Associates Ltd. owned 0.09% of JPMorgan Equity Premium Income ETF worth $38,995,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. EQ Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $29,000. BTG Pactual Asset Management US LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $31,000. Logan Capital Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $33,000. Finally, VSM Wealth Advisory LLC grew its position in JPMorgan Equity Premium Income ETF by 84.1% during the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter.
JPMorgan Equity Premium Income ETF Price Performance
Shares of NYSEARCA:JEPI opened at $55.93 on Thursday. The company has a market capitalization of $44.32 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 1 year low of $55.15 and a 1 year high of $59.90. The business’s 50 day simple moving average is $57.12 and its 200 day simple moving average is $57.61.
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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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