Nationwide Fund Advisors Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

Nationwide Fund Advisors trimmed its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,910,894 shares of the company’s stock after selling 179,014 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 17.1% of Nationwide Fund Advisors’ investment portfolio, making the stock its 2nd biggest holding. Nationwide Fund Advisors owned about 0.88% of JPMorgan Equity Premium Income ETF worth $391,709,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $402,000. AQR Capital Management LLC increased its holdings 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 valued at $4,845,000 after acquiring an additional 18,619 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth $847,000. Schnieders Capital Management LLC. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $529,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $56.71 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The stock’s 50-day moving average is $56.20 and its 200 day moving average is $57.35. The company has a market cap of $44.96 billion, a P/E 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.