Waverly Advisors LLC Decreases Position in JPMorgan Equity Premium Income ETF $JEPI

Waverly Advisors LLC trimmed its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 37.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 338,122 shares of the company’s stock after selling 206,732 shares during the period. Waverly Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $19,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $402,000. AQR Capital Management LLC lifted its position in JPMorgan Equity Premium Income ETF by 28.1% during 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. acquired a new position in JPMorgan Equity Premium Income ETF in the 1st quarter worth $847,000. Schnieders Capital Management LLC. purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $3,093,000. Finally, First Trust Advisors LP purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.87 on Wednesday. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The company’s 50-day simple moving average is $57.24 and its 200-day simple moving average is $57.02. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90.

JPMorgan Equity Premium Income ETF Company 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.