Exchange Traded Concepts LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)
by Scott Moore · The Cerbat GemExchange Traded Concepts LLC trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 13.4% during the 3rd quarter, Holdings Channel reports. The fund owned 79,495 shares of the company’s stock after selling 12,298 shares during the period. Exchange Traded Concepts LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,731,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Planning Group LLC grew its position in JPMorgan Equity Premium Income ETF by 0.8% in the third quarter. Retirement Planning Group LLC now owns 46,481 shares of the company’s stock worth $2,766,000 after acquiring an additional 349 shares in the last quarter. Mechanics Bank Trust Department lifted its stake in shares of JPMorgan Equity Premium Income ETF by 8.4% in the 3rd quarter. Mechanics Bank Trust Department now owns 326,978 shares of the company’s stock valued at $19,458,000 after purchasing an additional 25,252 shares during the last quarter. Montis Financial LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 67.0% in the 3rd quarter. Montis Financial LLC now owns 93,870 shares of the company’s stock worth $5,586,000 after purchasing an additional 37,650 shares during the period. Brown Miller Wealth Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at approximately $599,000. Finally, Silverlake Wealth Management LLC raised its holdings in JPMorgan Equity Premium Income ETF by 10.2% during the 3rd quarter. Silverlake Wealth Management LLC now owns 72,515 shares of the company’s stock valued at $4,315,000 after buying an additional 6,735 shares during the period.
JPMorgan Equity Premium Income ETF Stock Up 0.5 %
NYSEARCA JEPI opened at $59.46 on Monday. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $59.58. The firm has a market capitalization of $34.89 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average of $58.23 and a two-hundred day moving average of $57.18.
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.
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