JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,941 shares of the company’s stock after selling 33,923 shares during the period. JPMorgan Equity Premium Income ETF makes up 1.0% of Ellis Investment Partners LLC’s holdings, making the stock its 21st largest position. Ellis Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,007,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JEPI. Crewe Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock worth $2,198,000 after purchasing an additional 9,514 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 307.8% during the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after purchasing an additional 59,999 shares in the last quarter. Cascade Wealth Advisors Inc lifted its position in shares of JPMorgan Equity Premium Income ETF by 5.9% during the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after purchasing an additional 14,899 shares in the last quarter. BG Investment Services Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 49.1% during the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after purchasing an additional 22,670 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of JPMorgan Equity Premium Income ETF by 7.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after purchasing an additional 15,186 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.3%

NYSEARCA JEPI opened at $56.82 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90. The firm has a 50 day moving average of $57.58 and a two-hundred day moving average of $57.65. The stock has a market capitalization of $45.02 billion, a PE ratio of 23.93 and a beta of 0.56.

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.