Avior Wealth Management LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Avior Wealth Management LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 37.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,615 shares of the company’s stock after selling 5,658 shares during the period. Avior Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in shares of JPMorgan Equity Premium Income ETF by 12.1% during the 3rd quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after acquiring an additional 3,531,562 shares in the last quarter. International Assets Investment Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $647,943,000. Moneta Group Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $460,136,000. Royal Bank of Canada boosted its position in JPMorgan Equity Premium Income ETF by 15.3% during the third quarter. Royal Bank of Canada now owns 6,937,583 shares of the company’s stock worth $371,576,000 after purchasing an additional 922,303 shares in the last quarter. Finally, UBS Group AG grew its holdings in JPMorgan Equity Premium Income ETF by 21.5% in the third quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock valued at $310,410,000 after purchasing an additional 1,024,956 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.2 %

Shares of JEPI stock opened at $55.47 on Friday. The stock has a market cap of $32.49 billion, a P/E ratio of 24.51 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94. The business has a fifty day simple moving average of $56.84 and a 200-day simple moving average of $55.27.

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.