WealthPlan Investment Management LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 44.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,332 shares of the company’s stock after selling 14,552 shares during the quarter. WealthPlan Investment Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,049,000 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. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $402,000. AQR Capital Management LLC grew its position in 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 valued at $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $3,093,000. Finally, First Trust Advisors LP purchased a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $529,000.
JPMorgan Equity Premium Income ETF Price Performance
NYSEARCA:JEPI opened at $55.89 on Monday. The firm’s fifty day moving average price is $57.00 and its 200 day moving average price is $57.58. JPMorgan Equity Premium Income ETF has a 1-year low of $55.15 and a 1-year high of $59.90. The firm has a market cap of $44.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.
About JPMorgan Equity Premium Income ETF
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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