FourThought Financial Partners LLC Lowers Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

FourThought Financial Partners LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,400 shares of the company’s stock after selling 573 shares during the period. FourThought Financial Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $902,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. TCG Advisory Services LLC increased its stake in JPMorgan Equity Premium Income ETF by 9.4% during the fourth quarter. TCG Advisory Services LLC now owns 342,070 shares of the company’s stock worth $18,807,000 after acquiring an additional 29,392 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in JPMorgan Equity Premium Income ETF by 7.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 68,588 shares of the company’s stock worth $3,771,000 after purchasing an additional 4,984 shares in the last quarter. Resolute Wealth Strategies LLC raised its holdings in JPMorgan Equity Premium Income ETF by 0.9% in the fourth quarter. Resolute Wealth Strategies LLC now owns 25,415 shares of the company’s stock valued at $1,397,000 after buying an additional 233 shares during the period. VeraBank N.A. lifted its position in JPMorgan Equity Premium Income ETF by 8.0% during the fourth quarter. VeraBank N.A. now owns 185,939 shares of the company’s stock valued at $10,223,000 after buying an additional 13,840 shares in the last quarter. Finally, Sapient Capital LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $287,000.

JPMorgan Equity Premium Income ETF Stock Up 0.7 %

Shares of JEPI stock traded up $0.37 during mid-day trading on Friday, reaching $56.06. The company’s stock had a trading volume of 3,612,419 shares, compared to its average volume of 3,540,817. The firm has a market capitalization of $32.90 billion, a PE ratio of 24.40 and a beta of 0.53. The company’s 50 day simple moving average is $56.77 and its 200-day simple moving average is $55.49. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $57.94.

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.