JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 66.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,911 shares of the company’s stock after selling 275,332 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 2.6% of Lee Johnson Capital Management LLC’s holdings, making the stock its 8th biggest position. Lee Johnson Capital Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,932,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JEPI. TBH Global Asset Management LLC acquired a new position in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $5,468,000. Meridian Financial Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 8.5% during the third quarter. Meridian Financial Partners LLC now owns 8,931 shares of the company’s stock worth $508,000 after purchasing an additional 696 shares during the period. Meridian Financial Advisors LLC increased its position in JPMorgan Equity Premium Income ETF by 115.1% during the third quarter. Meridian Financial Advisors LLC now owns 10,499 shares of the company’s stock worth $599,000 after buying an additional 5,619 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 14.2% in the third quarter. Sax Wealth Advisors LLC now owns 58,408 shares of the company’s stock valued at $3,335,000 after buying an additional 7,246 shares during the period. Finally, Lewis Asset Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 27.5% in the third quarter. Lewis Asset Management LLC now owns 53,558 shares of the company’s stock valued at $3,058,000 after buying an additional 11,543 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $57.98 on Wednesday. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The stock’s fifty day simple moving average is $57.20 and its 200 day simple moving average is $56.90. The stock has a market cap of $41.50 billion, a PE ratio of 23.93 and a beta of 0.60.

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.