Rational Advisors LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Rational Advisors LLC trimmed its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 548,449 shares of the company’s stock after selling 121,056 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 3.1% of Rational Advisors LLC’s holdings, making the stock its 11th largest position. Rational Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $31,552,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of JEPI. Strategic Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $397,000. Sierra Ocean LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $4,978,000. JFS Wealth Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 6.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 6,620 shares of the company’s stock valued at $381,000 after buying an additional 430 shares during the period. Monument Capital Management grew its position in JPMorgan Equity Premium Income ETF by 2.4% during the fourth quarter. Monument Capital Management now owns 18,644 shares of the company’s stock valued at $1,073,000 after buying an additional 432 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in JPMorgan Equity Premium Income ETF by 2.7% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 340,344 shares of the company’s stock worth $19,580,000 after acquiring an additional 8,968 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.2 %

JEPI opened at $59.17 on Monday. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88. The company’s 50-day moving average price is $58.58 and its two-hundred day moving average price is $58.75. The stock has a market cap of $34.72 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.