JPMorgan Equity Premium Income ETF $JEPI Holdings Lowered by Mechanics Bank Trust Department

Mechanics Bank Trust Department decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 229,937 shares of the company’s stock after selling 24,832 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.6% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 14th largest holding. Mechanics Bank Trust Department’s holdings in JPMorgan Equity Premium Income ETF were worth $12,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JEPI. Rice Partnership LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $26,000. Advocate Investing Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $28,000. EQ Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000. Finally, Monetary Solutions Ltd acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $30,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $57.51 on Thursday. The firm’s 50 day moving average price is $56.40 and its two-hundred day moving average price is $57.19. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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.