HBW Advisory Services LLC Trims Holdings in JPMorgan Equity Premium Income ETF $JEPI

HBW Advisory Services LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 414,559 shares of the company’s stock after selling 18,336 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 2.1% of HBW Advisory Services LLC’s investment portfolio, making the stock its 14th largest position. HBW Advisory Services LLC owned 0.05% of JPMorgan Equity Premium Income ETF worth $23,414,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley raised 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 valued at $2,703,692,000 after purchasing an additional 261,872 shares during the period. Bank of America Corp DE lifted its stake in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Royal Bank of Canada boosted its position 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 buying an additional 449,485 shares during the period. Raymond James Financial Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 11.4% during the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after buying an additional 553,011 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

JEPI stock opened at $57.92 on Friday. The company has a market capitalization of $46.20 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The business’s fifty day moving average price is $56.64 and its 200 day moving average price is $57.17.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.