Renaissance Technologies LLC Sells 60,765 Shares of JPMorgan Equity Premium Income ETF $JEPI

Renaissance Technologies LLC decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 86.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,835 shares of the company’s stock after selling 60,765 shares during the period. Renaissance Technologies LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Compound Planning Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 5.8% during the first quarter. Compound Planning Inc. now owns 14,555 shares of the company’s stock valued at $825,000 after purchasing an additional 799 shares during the last quarter. Wills Financial Group LLC raised its position in JPMorgan Equity Premium Income ETF by 22.8% in the 1st quarter. Wills Financial Group LLC now owns 5,785 shares of the company’s stock worth $324,000 after purchasing an additional 1,074 shares during the last quarter. American Financial Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 9.5% during the 1st quarter. American Financial Advisors LLC now owns 9,106 shares of the company’s stock worth $516,000 after buying an additional 787 shares in the last quarter. Lido Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 14.9% during the 1st quarter. Lido Advisors LLC now owns 463,452 shares of the company’s stock worth $26,268,000 after buying an additional 60,270 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after buying an additional 553,011 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.78 on Tuesday. The business’s fifty day moving average price is $56.74 and its two-hundred day moving average price is $57.16. The firm has a market capitalization of $46.08 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90.

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.