Lee Johnson Capital Management LLC Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

Lee Johnson Capital Management LLC cut its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,312 shares of the company’s stock after selling 37,599 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.0% of Lee Johnson Capital Management LLC’s holdings, making the stock its 14th biggest holding. Lee Johnson Capital Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JEPI. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $28,000. BTG Pactual Asset Management US LLC purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $31,000. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $33,000. Finally, VSM Wealth Advisory LLC grew its stake in JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.56 on Wednesday. The stock has a 50-day simple moving average of $58.45 and a 200-day simple moving average of $57.61. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90. The stock has a market cap of $41.68 billion, a P/E ratio of 23.93 and a beta of 0.60.

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.