JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Principal Securities Inc.

Principal Securities Inc. lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 526,834 shares of the company’s stock after selling 93,753 shares during the quarter. Principal Securities Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $30,156,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JEPI. Rice Partnership LLC lifted its position in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $29,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $31,000. Finally, Logan Capital Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at about $33,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $55.80 on Friday. The firm’s 50-day moving average is $56.54 and its two-hundred day moving average is $57.48. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market capitalization of $44.21 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.