Farther Finance Advisors LLC lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 36.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 203,620 shares of the company’s stock after selling 117,876 shares during the period. Farther Finance Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,500,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Rice Partnership LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $26,000. Advocate Investing Services LLC acquired a new position in JPMorgan Equity Premium Income ETF during the first quarter worth $28,000. EQ Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $29,000. Finally, Monetary Solutions Ltd bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $30,000.
JPMorgan Equity Premium Income ETF Price Performance
Shares of NYSEARCA JEPI opened at $58.02 on Friday. The stock has a market capitalization of $46.28 billion, a P/E ratio of 23.93 and a beta of 0.53. The company has a 50-day moving average price of $56.69 and a 200-day moving average price of $57.18. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90.
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.
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