Patten & Patten Inc. TN Sells 29,751 Shares of JPMorgan Equity Premium Income ETF $JEPI

Patten & Patten Inc. TN lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 302,698 shares of the company’s stock after selling 29,751 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.0% of Patten & Patten Inc. TN’s holdings, making the stock its 21st largest position. Patten & Patten Inc. TN’s holdings in JPMorgan Equity Premium Income ETF were worth $17,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $29,000. BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $33,000. Finally, VSM Wealth Advisory LLC lifted its stake in JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $55.96 on Friday. The company has a market cap of $44.34 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 1 year low of $55.15 and a 1 year high of $59.90. The firm has a 50-day simple moving average of $57.41 and a two-hundred day simple moving average of $57.64.

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.