Stonebridge Financial Group LLC Sells 19,866 Shares of JPMorgan Equity Premium Income ETF $JEPI

Stonebridge Financial Group LLC lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,011 shares of the company’s stock after selling 19,866 shares during the quarter. Stonebridge Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,342,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rice Partnership LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares in the last quarter. NBH Bank bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $27,000. Advocate Investing Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $28,000. Monetary Solutions Ltd acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $30,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $42,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock traded down $0.29 during midday trading on Thursday, hitting $55.93. 4,663,126 shares of the company were exchanged, compared to its average volume of 5,173,396. The firm has a 50 day simple moving average of $57.17 and a 200-day simple moving average of $56.75. The firm has a market cap of $45.04 billion, a P/E ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90.

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.