MAI Capital Management Has $8.13 Million Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MAI Capital Management decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 23.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 136,542 shares of the company’s stock after selling 41,863 shares during the period. MAI Capital Management’s holdings in JPMorgan Equity Premium Income ETF were worth $8,126,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JEPI. Mattern Wealth Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.2% in the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after acquiring an additional 174 shares during the last quarter. Empirical Asset Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 4.0% during the 3rd quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after purchasing an additional 179 shares during the last quarter. FSC Wealth Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.9% during the 2nd quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock worth $384,000 after purchasing an additional 188 shares in the last quarter. Hixon Zuercher LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 3.7% in the 2nd quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock valued at $302,000 after buying an additional 190 shares during the last quarter. Finally, Hudock Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 4.5% during the third quarter. Hudock Inc. now owns 4,608 shares of the company’s stock worth $274,000 after buying an additional 199 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $59.43 on Tuesday. The stock has a market cap of $34.88 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average price of $59.26 and a two-hundred day moving average price of $57.74. JPMorgan Equity Premium Income ETF has a one year low of $54.20 and a one year high of $60.20.

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.