Archer Investment Corp Decreases Holdings in JPMorgan Equity Premium Income ETF $JEPI

Archer Investment Corp cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,259 shares of the company’s stock after selling 24,712 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 0.7% of Archer Investment Corp’s holdings, making the stock its 28th largest position. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $3,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Rice Partnership LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying 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 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. Advocate Investing Services LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter valued at $28,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $29,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.76 on Tuesday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The stock has a market capitalization of $45.17 billion, a PE ratio of 23.93 and a beta of 0.54. The business’s 50-day moving average is $56.13 and its 200 day moving average is $57.31.

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.