Exchange Traded Concepts LLC Sells 26,742 Shares of JPMorgan Equity Premium Income ETF $JEPI

Exchange Traded Concepts LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,010 shares of the company’s stock after selling 26,742 shares during the period. Exchange Traded Concepts LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clarity Asset Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $25,000. Bartlett & CO. Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $25,000. Asset Dedication LLC purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at $28,000. Finally, Pin Oak Investment Advisors Inc. lifted its position in JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

Shares of JEPI stock opened at $57.82 on Wednesday. The company’s fifty day moving average price is $57.10 and its 200-day moving average price is $56.84. The stock has a market cap of $41.39 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73.

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.