Formidable Asset Management LLC Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Formidable Asset Management LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,887 shares of the company’s stock after selling 364 shares during the period. Formidable Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Potentia Wealth bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $447,000. Florida Financial Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 54.3% in the 4th quarter. Florida Financial Advisors LLC now owns 7,014 shares of the company’s stock worth $404,000 after purchasing an additional 2,468 shares in the last quarter. US Bancorp DE boosted its position in shares of JPMorgan Equity Premium Income ETF by 28.0% in the 4th quarter. US Bancorp DE now owns 28,673 shares of the company’s stock worth $1,650,000 after purchasing an additional 6,273 shares in the last quarter. Clarity Wealth Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock worth $3,204,000 after purchasing an additional 401 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 15.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,439 shares of the company’s stock worth $198,000 after purchasing an additional 470 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

Shares of JEPI opened at $55.52 on Friday. The business’s 50 day moving average price is $55.28 and its 200-day moving average price is $57.61. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $60.88. The stock has a market cap of $39.23 billion, a P/E ratio of 24.55 and a beta of 0.61.

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.