JPMorgan Equity Premium Income ETF $JEPI Stake Reduced by St. Clair Advisors LLC

St. Clair Advisors LLC cut its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,145 shares of the company’s stock after selling 53,509 shares during the period. JPMorgan Equity Premium Income ETF comprises 3.3% of St. Clair Advisors LLC’s portfolio, making the stock its 7th biggest position. St. Clair Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $12,773,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in JEPI. Brighton Jones LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth about $402,000. AQR Capital Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 28.1% in the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after purchasing an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $847,000. Schnieders Capital Management LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $57.35 on Wednesday. The company has a market cap of $45.74 billion, a PE ratio of 23.93 and a beta of 0.53. The firm’s 50 day moving average price is $56.37 and its 200-day moving average price is $57.20. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week 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.