HBW Advisory Services LLC Reduces Holdings in JPMorgan Equity Premium Income ETF $JEPI

HBW Advisory Services LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 432,895 shares of the company’s stock after selling 27,607 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.6% of HBW Advisory Services LLC’s investment portfolio, making the stock its 4th biggest holding. HBW Advisory Services LLC owned about 0.05% of JPMorgan Equity Premium Income ETF worth $24,536,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JEPI. Brighton Jones LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $402,000. AQR Capital Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after purchasing an additional 18,619 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at $847,000. Schnieders Capital Management LLC. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $3,093,000. Finally, First Trust Advisors LP bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $529,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $56.76 on Tuesday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The stock has a fifty day moving average price of $56.13 and a 200 day moving average price of $57.31. The stock has a market cap of $45.17 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.