Mutual Advisors LLC Lowers Holdings in JPMorgan Equity Premium Income ETF $JEPI

Mutual Advisors LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,595 shares of the company’s stock after selling 36,057 shares during the quarter. Mutual Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of JEPI. Brighton Jones LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $402,000. AQR Capital Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 28.1% in the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after acquiring an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $847,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at approximately $25,000. Finally, Montz Harcus Wealth Management LLC lifted its stake in JPMorgan Equity Premium Income ETF by 18.9% during the second quarter. Montz Harcus Wealth Management LLC now owns 6,172 shares of the company’s stock worth $351,000 after purchasing an additional 983 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $58.56 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The firm has a fifty day moving average price of $57.82 and a two-hundred day moving average price of $57.16. The firm has a market cap of $43.01 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.