Wellington Altus USA Inc. Has $1.41 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Wellington Altus USA Inc. lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 29.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,907 shares of the company’s stock after selling 10,612 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 0.9% of Wellington Altus USA Inc.’s holdings, making the stock its 24th biggest position. Wellington Altus USA Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,412,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rice Partnership LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% during the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares in the last quarter. NBH Bank acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $27,000. Advocate Investing Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $28,000. Monetary Solutions Ltd bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $30,000. Finally, Provenance Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter worth approximately $42,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI traded up $0.30 during midday trading on Thursday, hitting $56.23. 3,643,250 shares of the company’s stock traded hands, compared to its average volume of 5,246,481. The company has a market cap of $44.85 billion, a PE ratio of 23.93 and a beta of 0.53. The stock’s fifty day simple moving average is $57.21 and its 200-day simple moving average is $56.89. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.