Bank of New York Mellon Corp Has $116.21 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Bank of New York Mellon Corp lessened its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.0% in the first quarter, HoldingsChannel.com reports. The fund owned 2,050,260 shares of the company’s stock after selling 85,004 shares during the period. Bank of New York Mellon Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $116,209,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Rice Partnership LLC lifted its stake in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the last quarter. Providence Capital Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $26,000. FNY Investment Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $28,000. Advocate Investing Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $29,000.

JPMorgan Equity Premium Income ETF Trading Down 0.3%

JEPI stock opened at $56.39 on Tuesday. The stock has a market capitalization of $44.99 billion, a P/E ratio of 23.93 and a beta of 0.54. The firm has a 50-day moving average price of $56.17 and a 200-day moving average price of $57.26. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90.

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.