Farther Finance Advisors LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 36.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,620 shares of the company’s stock after selling 117,876 shares during the quarter. Farther Finance Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,500,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth $402,000. AQR Capital Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 28.1% in the first 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 during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at about $847,000. Schnieders Capital Management LLC. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at about $3,093,000. Finally, First Trust Advisors LP bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at about $529,000.
JPMorgan Equity Premium Income ETF Stock Performance
JPMorgan Equity Premium Income ETF stock opened at $58.02 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The firm’s 50-day simple moving average is $56.69 and its 200 day simple moving average is $57.18. The stock has a market cap of $46.28 billion, a PE ratio of 23.93 and a beta of 0.53.
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.
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