Verity Asset Management Inc. Trims Position in JPMorgan Equity Premium Income ETF $JEPI

Verity Asset Management Inc. lessened its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,705 shares of the company’s stock after selling 62,209 shares during the quarter. Verity Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,471,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Jackson Hole Capital Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 185.2% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 19,434 shares of the company’s stock valued at $1,112,000 after purchasing an additional 12,621 shares during the period. Prentice Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 7.8% in the fourth quarter. Prentice Wealth Management LLC now owns 251,348 shares of the company’s stock worth $14,387,000 after buying an additional 18,133 shares in the last quarter. Wagner Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 7.5% in the fourth quarter. Wagner Wealth Management LLC now owns 449,273 shares of the company’s stock worth $25,716,000 after buying an additional 31,510 shares in the last quarter. Pacific Park Financial Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $1,840,000. Finally, Renasant Bank purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $314,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock traded up $0.24 during midday trading on Thursday, reaching $57.36. 1,220,586 shares of the company traded hands, compared to its average volume of 5,453,080. JPMorgan Equity Premium Income ETF has a 52-week low of $55.01 and a 52-week high of $59.90. The business has a 50 day moving average of $57.62 and a 200-day moving average of $57.64. The firm has a market capitalization of $45.22 billion, a price-to-earnings ratio of 23.93 and a beta of 0.58.

JPMorgan Equity Premium Income ETF Company 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.