Herbst Group LLC trimmed its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 49.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,528 shares of the company’s stock after selling 14,242 shares during the quarter. Herbst Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Decker Retirement Planning Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 231.2% in the fourth quarter. Decker Retirement Planning Inc. now owns 83,279 shares of the company’s stock valued at $4,767,000 after buying an additional 58,137 shares during the period. Wagner Wealth Management LLC grew its position in JPMorgan Equity Premium Income ETF by 7.5% during the fourth quarter. Wagner Wealth Management LLC now owns 449,273 shares of the company’s stock worth $25,716,000 after buying an additional 31,510 shares in the last quarter. Brighton Jones LLC increased its stake in JPMorgan Equity Premium Income ETF by 1,613.9% during the fourth quarter. Brighton Jones LLC now owns 127,528 shares of the company’s stock valued at $7,300,000 after acquiring an additional 120,087 shares during the period. Nottingham Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF by 21.6% during the first quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock valued at $46,301,000 after acquiring an additional 144,966 shares during the period. Finally, FSA Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $1,055,000.
JPMorgan Equity Premium Income ETF Stock Performance
Shares of JEPI stock opened at $57.58 on Monday. The stock has a 50 day moving average of $56.46 and a two-hundred day moving average of $57.18. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company has a market capitalization of $45.92 billion, a P/E 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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