International Assets Investment Management LLC Sells 26,813 Shares of JPMorgan Equity Premium Income ETF $JEPI

International Assets Investment Management LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,496 shares of the company’s stock after selling 26,813 shares during the quarter. International Assets Investment Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JEPI. United Bank bought a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $491,000. Financial Alternatives Inc increased its holdings in JPMorgan Equity Premium Income ETF by 3.1% in the 1st quarter. Financial Alternatives Inc now owns 133,183 shares of the company’s stock worth $7,549,000 after purchasing an additional 3,951 shares in the last quarter. Diversify Wealth Management LLC raised its position in JPMorgan Equity Premium Income ETF by 58.1% in the first quarter. Diversify Wealth Management LLC now owns 97,447 shares of the company’s stock valued at $5,566,000 after purchasing an additional 35,813 shares during the last quarter. Valmark Advisers Inc. raised its position in JPMorgan Equity Premium Income ETF by 130.2% in the first quarter. Valmark Advisers Inc. now owns 144,439 shares of the company’s stock valued at $8,187,000 after purchasing an additional 81,698 shares during the last quarter. Finally, Kaizen Financial Strategies boosted its stake in shares of JPMorgan Equity Premium Income ETF by 29.6% during the first quarter. Kaizen Financial Strategies now owns 4,721 shares of the company’s stock valued at $272,000 after purchasing an additional 1,078 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.2%

NYSEARCA:JEPI traded up $0.13 during mid-day trading on Friday, hitting $56.76. 3,315,346 shares of the company’s stock were exchanged, compared to its average volume of 5,517,202. The company has a 50 day simple moving average of $56.15 and a 200-day simple moving average of $57.32. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The firm has a market capitalization of $45.17 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.