Westover Capital Advisors LLC Lowers Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Westover Capital Advisors LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 50.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,897 shares of the company’s stock after selling 4,035 shares during the period. Westover Capital Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JEPI. US Bancorp DE increased its stake in JPMorgan Equity Premium Income ETF by 19.8% in the third quarter. US Bancorp DE now owns 22,400 shares of the company’s stock valued at $1,333,000 after acquiring an additional 3,706 shares during the last quarter. Clarity Capital Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.7% during the 3rd quarter. Clarity Capital Partners LLC now owns 32,864 shares of the company’s stock valued at $1,956,000 after purchasing an additional 878 shares during the last quarter. Cary Street Partners Asset Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 11.6% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 322,622 shares of the company’s stock valued at $19,199,000 after buying an additional 33,487 shares in the last quarter. United Advisor Group LLC lifted its position in JPMorgan Equity Premium Income ETF by 35.1% in the 3rd quarter. United Advisor Group LLC now owns 27,343 shares of the company’s stock worth $1,627,000 after buying an additional 7,104 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 4.5% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 287,845 shares of the company’s stock worth $17,130,000 after buying an additional 12,293 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $57.97 on Wednesday. The stock has a market capitalization of $38.75 billion, a P/E ratio of 25.75 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The firm’s 50 day simple moving average is $58.63 and its two-hundred day simple moving average is $58.98.

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.