Bouvel Investment Partners LLC Has $10.17 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bouvel Investment Partners LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 176,686 shares of the company’s stock after selling 2,154 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 3.7% of Bouvel Investment Partners LLC’s holdings, making the stock its 4th biggest holding. Bouvel Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at about $51,202,000. World Investment Advisors LLC grew its stake in JPMorgan Equity Premium Income ETF by 748.5% during the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after buying an additional 711,094 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $31,505,000. Finally, Marks Wealth LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $29,284,000.

JPMorgan Equity Premium Income ETF Stock Up 0.4 %

JPMorgan Equity Premium Income ETF stock opened at $58.25 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.72 and a 12-month high of $60.88. The stock has a 50-day simple moving average of $59.07 and a 200 day simple moving average of $58.39. The stock has a market capitalization of $34.18 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.