JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,914 shares of the company’s stock after selling 27,081 shares during the quarter. Baker Avenue Asset Management LP’s holdings in JPMorgan Equity Premium Income ETF were worth $4,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at $29,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $31,000. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $33,000. Finally, VSM Wealth Advisory LLC boosted its position 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 during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

Shares of JEPI opened at $56.20 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $55.15 and a 1-year high of $59.90. The business’s 50-day moving average price is $56.70 and its 200 day moving average price is $57.55. The stock has a market capitalization of $44.53 billion, a P/E ratio of 23.93 and a beta of 0.56.

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.