JPMorgan Equity Premium Income ETF $JEPI Position Lessened by Cassia Capital Partners LLC

Cassia Capital Partners LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 190,460 shares of the company’s stock after selling 15,382 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 5.6% of Cassia Capital Partners LLC’s holdings, making the stock its 5th biggest holding. Cassia Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $402,000. AQR Capital Management LLC lifted its position in 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 worth $4,845,000 after buying an additional 18,619 shares during the period. Goldman Sachs Group Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter worth about $847,000. Schnieders Capital Management LLC. acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $3,093,000. Finally, First Trust Advisors LP purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $529,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.12 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company has a 50-day moving average of $56.23 and a 200-day moving average of $57.36. The company has a market cap of $44.43 billion, a P/E ratio of 23.93 and a beta of 0.54.

JPMorgan Equity Premium Income ETF 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.