VeraBank N.A. Cuts Stake in JPMorgan Equity Premium Income ETF $JEPI

VeraBank N.A. trimmed its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.9% during the 4th quarter, Holdings Channel reports. The fund owned 103,073 shares of the company’s stock after selling 27,246 shares during the period. JPMorgan Equity Premium Income ETF comprises about 1.1% of VeraBank N.A.’s portfolio, making the stock its 20th largest position. VeraBank N.A.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rice Partnership LLC grew its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the 4th 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. 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 purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $31,000. Finally, Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $55.29 on Thursday. The company has a 50 day moving average price of $56.56 and a 200-day moving average price of $57.49. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The stock has a market capitalization of $43.81 billion, a PE ratio of 23.93 and a beta of 0.54.

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.