Retirement Planning Group LLC Cuts Position in JPMorgan Equity Premium Income ETF $JEPI

Retirement Planning Group LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 67.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 28,208 shares of the company’s stock after selling 59,500 shares during the period. Retirement Planning Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of JEPI. Brighton Jones LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $402,000. AQR Capital Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $847,000. Schnieders Capital Management LLC. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $3,093,000. Finally, First Trust Advisors LP purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.58 on Wednesday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The firm has a 50-day moving average of $56.13 and a 200 day moving average of $57.30. The firm has a market cap of $45.04 billion, a P/E ratio of 23.93 and a beta of 0.54.

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