JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 37.9% during the 2nd quarter, Holdings Channel reports. The fund owned 338,122 shares of the company’s stock after selling 206,732 shares during the quarter. Waverly Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $19,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Morgan Stanley grew its position in JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after buying an additional 261,872 shares during the last quarter. Bank of America Corp DE lifted its position in JPMorgan Equity Premium Income ETF by 2.1% in 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 buying an additional 690,960 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after acquiring an additional 449,485 shares in the last quarter. Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after purchasing an additional 825,889 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.6%

JEPI stock opened at $56.87 on Wednesday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The company has a fifty day simple moving average of $57.24 and a 200 day simple moving average of $57.02. The firm has a market cap of $45.36 billion, a PE ratio of 23.93 and a beta of 0.53.

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.