JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Northeast Financial Group Inc.

Northeast Financial Group Inc. reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,184 shares of the company’s stock after selling 30,161 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.1% of Northeast Financial Group Inc.’s holdings, making the stock its 16th biggest position. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JEPI. Rice Partnership LLC lifted its stake 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 purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. Advocate Investing Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $29,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.80 on Monday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The company has a market cap of $45.36 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The business’s 50 day moving average price is $56.22 and its 200 day moving average price is $57.24.

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.