MJP Associates Inc. ADV Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MJP Associates Inc. ADV trimmed its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 65.5% in the first quarter, Holdings Channel reports. The firm owned 102,228 shares of the company’s stock after selling 194,071 shares during the period. JPMorgan Equity Premium Income ETF comprises 1.3% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 16th largest holding. MJP Associates Inc. ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $5,915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JEPI. Wealth Management Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.0% during the fourth quarter. Wealth Management Partners LLC now owns 9,820 shares of the company’s stock valued at $540,000 after acquiring an additional 195 shares during the last quarter. Paragon Private Wealth Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 2.3% in the 4th quarter. Paragon Private Wealth Management LLC now owns 8,628 shares of the company’s stock valued at $474,000 after purchasing an additional 196 shares during the last quarter. Perritt Capital Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 44.4% in the third quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Raleigh Capital Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 21.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,126 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.4% during the third quarter. Meeder Advisory Services Inc. now owns 50,001 shares of the company’s stock worth $2,678,000 after buying an additional 217 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock traded up $0.17 on Friday, hitting $56.70. The stock had a trading volume of 2,139,449 shares, compared to its average volume of 3,316,981. The company’s 50 day moving average price is $56.47 and its 200-day moving average price is $56.23. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $57.94. The firm has a market capitalization of $33.27 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.