FourThought Financial Partners LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

FourThought Financial Partners LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,400 shares of the company’s stock after selling 573 shares during the period. FourThought Financial Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEPI. Stratos Wealth Partners LTD. grew its stake in JPMorgan Equity Premium Income ETF by 7.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 20,362 shares of the company’s stock worth $1,091,000 after buying an additional 1,350 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1,421.3% during the third quarter. Bank of New York Mellon Corp now owns 1,536,371 shares of the company’s stock valued at $82,288,000 after acquiring an additional 1,435,379 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 158.5% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,206 shares of the company’s stock valued at $172,000 after purchasing an additional 1,966 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $187,000. Finally, Crescent Grove Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 40.0% in the 3rd quarter. Crescent Grove Advisors LLC now owns 25,243 shares of the company’s stock worth $1,352,000 after purchasing an additional 7,206 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock traded up $0.37 during mid-day trading on Friday, reaching $56.06. 3,612,419 shares of the company traded hands, compared to its average volume of 3,540,817. The firm’s fifty day moving average is $56.77 and its two-hundred day moving average is $55.49. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $57.94.

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.