RFG Advisory LLC decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 35.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 71,955 shares of the company’s stock after selling 38,819 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,064,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nottingham Advisors Inc. lifted its stake in shares of 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 worth $46,301,000 after purchasing an additional 144,966 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,692,604 shares of the company’s stock valued at $154,125,000 after buying an additional 36,106 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 60.7% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 75,535 shares of the company’s stock worth $4,266,000 after purchasing an additional 28,517 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 13.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,650,864 shares of the company’s stock valued at $94,495,000 after acquiring an additional 191,240 shares during the period. Finally, Plus Group Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $548,000.
JPMorgan Equity Premium Income ETF Price Performance
JEPI opened at $56.54 on Thursday. The stock has a market cap of $45.10 billion, a P/E ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock’s 50 day moving average price is $57.25 and its 200 day moving average price is $57.00.
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.
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