Evermay Wealth Management LLC Has $4.35 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Evermay Wealth Management LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.9% during the 4th quarter, HoldingsChannel reports. The fund owned 75,471 shares of the company’s stock after selling 13,263 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 0.5% of Evermay Wealth Management LLC’s holdings, making the stock its 25th largest position. Evermay Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,346,000 at the end of the most recent reporting period.

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

JPMorgan Equity Premium Income ETF Stock Up 1.9%

JEPI opened at $57.61 on Thursday. JPMorgan Equity Premium Income ETF has a twelve month low of $50.54 and a twelve month high of $59.90. The company has a 50-day simple moving average of $58.03 and a 200 day simple moving average of $57.57. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 23.93 and a beta of 0.59.

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.