JPMorgan Equity Premium Income ETF $JEPI Position Cut by Summit Financial LLC

Summit Financial LLC trimmed its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,898 shares of the company’s stock after selling 33,346 shares during the quarter. Summit Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JEPI. Brighton Jones LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $402,000. AQR Capital Management LLC grew its holdings in JPMorgan Equity Premium Income ETF by 28.1% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $847,000. Schnieders Capital Management LLC. bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $3,093,000. Finally, First Trust Advisors LP bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $529,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $56.04 on Friday. The company has a market capitalization of $44.40 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The business has a 50 day moving average price of $56.53 and a two-hundred day moving average price of $57.47.

JPMorgan Equity Premium Income ETF Company 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.