J.W. Cole Advisors Inc. Cuts Position in JPMorgan Equity Premium Income ETF $JEPI

J.W. Cole Advisors Inc. lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 506,956 shares of the company’s stock after selling 21,582 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 0.6% of J.W. Cole Advisors Inc.’s portfolio, making the stock its 24th biggest holding. J.W. Cole Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $29,018,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Tcfg Wealth Management LLC grew its position in JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. RiverFront Investment Group LLC grew its position in JPMorgan Equity Premium Income ETF by 24.0% in the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after acquiring an additional 737,043 shares in the last quarter. Bank of America Corp DE grew its position in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Raymond James Financial Inc. grew its position in JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in JPMorgan Equity Premium Income ETF by 191.9% in the fourth quarter. New York Life Investment Management LLC now owns 727,039 shares of the company’s stock worth $41,616,000 after acquiring an additional 477,935 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $55.71 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The firm has a fifty day moving average of $56.60 and a 200 day moving average of $57.51. The firm has a market capitalization of $44.14 billion, a PE ratio of 23.93 and a beta of 0.54.

JPMorgan Equity Premium Income ETF Company 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.