JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Sold by Wealth Effects LLC

Wealth Effects LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,183 shares of the company’s stock after selling 13,490 shares during the period. Wealth Effects LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,610,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JEPI. Duncker Streett & Co. Inc. purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. Crowley Wealth Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $32,000. Global Wealth Strategies & Associates purchased a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $36,000. Park Square Financial Group LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $40,000. Finally, First United Bank & Trust acquired a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at about $45,000.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

Shares of NYSEARCA:JEPI opened at $56.36 on Thursday. The company has a market cap of $40.49 billion, a P/E 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 $60.88. The company has a 50-day moving average price of $55.61 and a 200 day moving average price of $56.99.

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.