GAMMA Investing LLC Decreases Stock Position in JPMorgan Equity Premium Income ETF $JEPI

GAMMA Investing LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 69.0% during the third quarter, HoldingsChannel reports. The fund owned 8,179 shares of the company’s stock after selling 18,235 shares during the quarter. GAMMA Investing LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. Brighton Jones LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $402,000. Russell Investments Group Ltd. grew its stake in shares of JPMorgan Equity Premium Income ETF by 201.9% during the first quarter. Russell Investments Group Ltd. now owns 1,129 shares of the company’s stock valued at $64,000 after buying an additional 755 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 3.0% in the first quarter. Level Four Advisory Services LLC now owns 44,984 shares of the company’s stock worth $2,570,000 after buying an additional 1,301 shares during the period. CW Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 474.8% during the 1st quarter. CW Advisors LLC now owns 66,277 shares of the company’s stock worth $3,803,000 after acquiring an additional 54,747 shares during the last quarter. Finally, MAS Advisors LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 36.2% during the 1st quarter. MAS Advisors LLC now owns 46,303 shares of the company’s stock valued at $2,646,000 after acquiring an additional 12,305 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.54 on Friday. The stock’s fifty day moving average is $57.06 and its two-hundred day moving average is $56.79. The company has a market capitalization of $41.19 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73.

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.