TBH Global Asset Management LLC Decreases Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

TBH Global Asset Management LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,118 shares of the company’s stock after selling 17,840 shares during the period. JPMorgan Equity Premium Income ETF comprises 1.1% of TBH Global Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. TBH Global Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth $25,000. Bank of Jackson Hole Trust purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $28,000. Ulland Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $31,000. Creative Capital Management Investments LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $32,000. Finally, Running Point Capital Advisors LLC raised its holdings in JPMorgan Equity Premium Income ETF by 131.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after acquiring an additional 362 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.71 on Thursday. The stock’s 50 day simple moving average is $58.57 and its 200-day simple moving average is $58.79. The stock has a market cap of $35.04 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88.

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.