Independence Bank of Kentucky Sells 10,570 Shares of JPMorgan Equity Premium Income ETF $JEPI

Independence Bank of Kentucky lowered its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 83.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,157 shares of the company’s stock after selling 10,570 shares during the period. Independence Bank of Kentucky’s holdings in JPMorgan Equity Premium Income ETF were worth $123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Clarity Asset Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $28,000. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $28,000. BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $31,000. Finally, Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.45 on Monday. The firm’s 50 day moving average is $58.13 and its 200 day moving average is $57.57. The firm has a market capitalization of $43.76 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90.

About JPMorgan Equity Premium Income ETF

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.