Tradition Wealth Management LLC Decreases Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Tradition Wealth Management LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,489 shares of the company’s stock after selling 34,995 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.1% of Tradition Wealth Management LLC’s holdings, making the stock its 24th largest position. Tradition Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $15,426,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Rice Partnership LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the period. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $28,000. EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $29,000. BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $31,000. Finally, Logan Capital Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $55.52 on Friday. The stock’s 50-day simple moving average is $56.57 and its 200 day simple moving average is $57.49. The stock has a market capitalization of $43.99 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. 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 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.