49 Wealth Management LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 91.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,284 shares of the company’s stock after selling 74,668 shares during the quarter. 49 Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $417,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $28,000. EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at approximately $29,000. BTG Pactual Asset Management US LLC purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at $31,000. Logan Capital Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth $33,000. Finally, VSM Wealth Advisory LLC increased its stake in JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter.
JPMorgan Equity Premium Income ETF Trading Down 0.2%
Shares of JEPI opened at $55.85 on Tuesday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.15 and a 12 month high of $59.90. The business’s fifty day simple moving average is $57.26 and its two-hundred day simple moving average is $57.62. The company has a market cap of $44.25 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.
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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