Mutual Advisors LLC Decreases Stake in JPMorgan Equity Premium Income ETF $JEPI

Mutual Advisors LLC lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 132,264 shares of the company’s stock after selling 19,331 shares during the period. Mutual Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Tcfg Wealth Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 3,843.5% in the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after purchasing an additional 810,739 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares during the period. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of JPMorgan Equity Premium Income ETF by 40.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after acquiring an additional 581,218 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after acquiring an additional 493,639 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.8%

NYSEARCA JEPI opened at $57.59 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.01 and a 52 week high of $59.90. The business’s fifty day simple moving average is $57.58 and its 200-day simple moving average is $57.64. The firm has a market cap of $45.40 billion, a PE ratio of 23.93 and a beta of 0.58.

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.