Weatherly Asset Management L. P. Trims Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Weatherly Asset Management L. P. lessened its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 41.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,730 shares of the company’s stock after selling 2,600 shares during the period. Weatherly Asset Management L. P.’s holdings in JPMorgan Equity Premium Income ETF were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JEPI. AQR Capital Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $295,000. Alpha Financial Partners LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 45.5% in the third quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock valued at $3,550,000 after buying an additional 18,662 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $229,000. Concourse Financial Group Securities Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 9.3% in the third quarter. Concourse Financial Group Securities Inc. now owns 37,478 shares of the company’s stock valued at $2,230,000 after buying an additional 3,195 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 4.6% in the third quarter. Armstrong Advisory Group Inc. now owns 33,632 shares of the company’s stock valued at $2,001,000 after buying an additional 1,480 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.09 on Tuesday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The company has a 50 day moving average price of $58.65 and a 200 day moving average price of $58.69. The firm has a market capitalization of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.