Exchange Traded Concepts LLC Reduces Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Exchange Traded Concepts LLC reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,454 shares of the company’s stock after selling 8,041 shares during the quarter. Exchange Traded Concepts LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,111,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bank of Montreal Can grew its holdings in shares of JPMorgan Equity Premium Income ETF by 8.8% during the 2nd quarter. Bank of Montreal Can now owns 41,865 shares of the company’s stock worth $2,382,000 after acquiring an additional 3,374 shares during the period. AQR Capital Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $295,000. Beaird Harris Wealth Management LLC lifted its position in JPMorgan Equity Premium Income ETF by 293.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,594 shares of the company’s stock valued at $147,000 after acquiring an additional 1,934 shares during the period. Horizon Advisory Services Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 0.5% during the second quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock worth $26,766,000 after acquiring an additional 2,158 shares in the last quarter. Finally, Sepio Capital LP grew its holdings in JPMorgan Equity Premium Income ETF by 2.4% in the second quarter. Sepio Capital LP now owns 18,888 shares of the company’s stock worth $1,071,000 after purchasing an additional 438 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $59.10 on Friday. The company has a 50 day simple moving average of $58.93 and a two-hundred day simple moving average of $58.52. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88. The company has a market capitalization of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.