Bellevue Asset Management LLC Has $2.43 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Bellevue Asset Management LLC reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,826 shares of the company’s stock after selling 9,911 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.2% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Bellevue Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,427,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JEPI. Equitable Holdings Inc. increased its stake in JPMorgan Equity Premium Income ETF by 3,477.6% in the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after purchasing an additional 1,801,951 shares in the last quarter. Tableaux LLC increased its position in JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after buying an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. raised its stake in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the period. Tcfg Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. Finally, SHP Wealth Management bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $42,882,000.

JPMorgan Equity Premium Income ETF Stock Down 0.6%

Shares of NYSEARCA:JEPI opened at $56.12 on Thursday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock’s 50 day moving average is $56.23 and its 200-day moving average is $57.36. The firm has a market capitalization of $44.43 billion, a price-to-earnings 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.