Gables Capital Management Inc. Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Gables Capital Management Inc. lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,114 shares of the company’s stock after selling 430 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 1.0% of Gables Capital Management Inc.’s portfolio, making the stock its 26th biggest holding. Gables Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,078,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JEPI. Raymond James Financial Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $322,301,000. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 4,498.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after purchasing an additional 1,273,452 shares during the period. Eaton Financial Holdings Company LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $51,202,000. Finally, World Investment Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after purchasing an additional 711,094 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.4 %

NYSEARCA:JEPI opened at $57.39 on Tuesday. The stock has a market capitalization of $38.36 billion, a PE ratio of 25.75 and a beta of 0.61. The firm’s 50 day moving average is $58.59 and its 200 day moving average is $58.98. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88.

About JPMorgan Equity Premium Income ETF

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.