Investment Advisory Services Group LLC Has $3.81 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Investment Advisory Services Group LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 67,249 shares of the company’s stock after selling 27,534 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 3.3% of Investment Advisory Services Group LLC’s holdings, making the stock its 9th biggest holding. Investment Advisory Services Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,812,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JEPI. Rice Partnership LLC increased its position in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Providence Capital Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. Advocate Investing Services LLC bought a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth about $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $29,000.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

Shares of NYSEARCA JEPI traded up $0.17 during midday trading on Tuesday, hitting $56.92. The company’s stock had a trading volume of 1,549,327 shares, compared to its average volume of 5,529,257. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The firm has a market cap of $45.13 billion, a P/E ratio of 23.93 and a beta of 0.54. The business’s 50 day moving average is $56.18 and its two-hundred day moving average is $57.34.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.