HBW Advisory Services LLC Has $27.49 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

HBW Advisory Services LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.2% during the third quarter, HoldingsChannel reports. The fund owned 481,341 shares of the company’s stock after selling 43,034 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 3.1% of HBW Advisory Services LLC’s investment portfolio, making the stock its 4th biggest holding. HBW Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $27,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in JEPI. CRA Financial Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 42.3% in the third quarter. CRA Financial Services LLC now owns 8,404 shares of the company’s stock worth $480,000 after purchasing an additional 2,497 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 51.4% during the third quarter. Highland Capital Management LLC now owns 20,130 shares of the company’s stock valued at $1,149,000 after buying an additional 6,830 shares during the last quarter. Curran Financial Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 12.5% during the third quarter. Curran Financial Partners LLC now owns 340,270 shares of the company’s stock worth $19,429,000 after buying an additional 37,854 shares in the last quarter. HBK Sorce Advisory LLC raised its position in JPMorgan Equity Premium Income ETF by 3.5% in the 3rd quarter. HBK Sorce Advisory LLC now owns 23,298 shares of the company’s stock valued at $1,325,000 after buying an additional 788 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 1.4% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 19,471 shares of the company’s stock valued at $1,112,000 after acquiring an additional 271 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $58.02 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm’s fifty day moving average price is $57.18 and its two-hundred day moving average price is $56.87.

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.