Southern Capital Services Inc. ADV Reduces Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Southern Capital Services Inc. ADV cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 33.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,647 shares of the company’s stock after selling 32,760 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.4% of Southern Capital Services Inc. ADV’s holdings, making the stock its 17th largest position. Southern Capital Services Inc. ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $3,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of JEPI. Rice Partnership LLC increased its holdings in JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. Advocate Investing Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $29,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.52 on Thursday. The company has a market capitalization of $44.89 billion, a PE ratio of 23.93 and a beta of 0.54. The company has a fifty day moving average of $56.16 and a 200 day moving average of $57.33. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.