Bay Capital Advisors LLC Lowers Holdings in JPMorgan Equity Premium Income ETF $JEPI

Bay Capital Advisors LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 22.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,554 shares of the company’s stock after selling 13,946 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 1.7% of Bay Capital Advisors LLC’s portfolio, making the stock its 14th biggest position. Bay Capital Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Clarity Asset Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $25,000. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $28,000. BTG Pactual Asset Management US LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $31,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $33,000. Finally, VSM Wealth Advisory LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.41 on Thursday. The company has a 50 day moving average price of $58.20 and a 200-day moving average price of $57.57. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90. The stock has a market capitalization of $41.57 billion, a PE ratio of 23.93 and a beta of 0.60.

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.