VeraBank N.A. Sells 3,607 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

VeraBank N.A. cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 195,223 shares of the company’s stock after selling 3,607 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 3.4% of VeraBank N.A.’s portfolio, making the stock its 7th largest holding. VeraBank N.A.’s holdings in JPMorgan Equity Premium Income ETF were worth $11,618,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $28,000. Beaird Harris Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at $38,000. Centerpoint Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $43,000. Finally, Brown Lisle Cummings Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 48.0% during the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after purchasing an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.6 %

NYSEARCA:JEPI traded up $0.36 during mid-day trading on Friday, reaching $60.03. 2,982,478 shares of the stock were exchanged, compared to its average volume of 3,142,178. The stock has a market capitalization of $35.23 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $53.33 and a 1 year high of $60.10. The company has a 50 day simple moving average of $59.06 and a 200-day simple moving average of $57.57.

About JPMorgan Equity Premium Income ETF

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.