Bravias Capital Group LLC Trims Stake in JPMorgan Equity Premium Income ETF $JEPI

Bravias Capital Group LLC decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 63.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,607 shares of the company’s stock after selling 23,243 shares during the quarter. Bravias Capital Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $402,000. Russell Investments Group Ltd. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 201.9% during the first quarter. Russell Investments Group Ltd. now owns 1,129 shares of the company’s stock worth $64,000 after buying an additional 755 shares in the last quarter. Royal Bank of Canada raised its position in shares of JPMorgan Equity Premium Income ETF by 10.5% in the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after buying an additional 772,858 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 22.6% during the first quarter. Flputnam Investment Management Co. now owns 29,636 shares of the company’s stock valued at $1,693,000 after buying an additional 5,460 shares during the period. Finally, Ameriflex Group Inc. boosted its position in JPMorgan Equity Premium Income ETF by 20.5% during the first quarter. Ameriflex Group Inc. now owns 54,275 shares of the company’s stock worth $3,101,000 after acquiring an additional 9,218 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $57.98 on Tuesday. The company has a 50 day moving average price of $57.19 and a two-hundred day moving average price of $56.89. The stock has a market capitalization of $41.50 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73.

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.