CPA Asset Management Group LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 76.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,092 shares of the company’s stock after selling 16,353 shares during the period. CPA Asset Management Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $289,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $402,000. AQR Capital Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $847,000. Schnieders Capital Management LLC. acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $3,093,000. Finally, First Trust Advisors LP acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $529,000.
JPMorgan Equity Premium Income ETF Trading Up 0.6%
NYSEARCA:JEPI opened at $56.98 on Friday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The company has a market cap of $45.36 billion, a PE ratio of 23.93 and a beta of 0.54. The company’s 50 day moving average is $56.15 and its two-hundred day moving average is $57.28.
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.
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Want to see what other hedge funds are holding JEPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report).
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