Stephens Inc. AR Decreases Stake in JPMorgan Equity Premium Income ETF $JEPI

Stephens Inc. AR lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 619,861 shares of the company’s stock after selling 24,207 shares during the period. Stephens Inc. AR owned 0.08% of JPMorgan Equity Premium Income ETF worth $35,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Crewe Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 32.9% during the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock worth $2,198,000 after acquiring an additional 9,514 shares during the period. Clearstead Trust LLC raised its holdings in JPMorgan Equity Premium Income ETF by 307.8% in the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after buying an additional 59,999 shares during the period. Cascade Wealth Advisors Inc raised its holdings in JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after buying an additional 14,899 shares during the period. BG Investment Services Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 49.1% in the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after buying an additional 22,670 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its holdings in JPMorgan Equity Premium Income ETF by 90.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after buying an additional 12,790 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.2%

Shares of JEPI opened at $55.89 on Friday. The firm has a market cap of $44.28 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90. The company’s 50-day moving average price is $57.00 and its 200 day moving average price is $57.58.

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.