Renaissance Technologies LLC lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 86.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,835 shares of the company’s stock after selling 60,765 shares during the quarter. Renaissance Technologies LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $557,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Rice Partnership LLC increased its position 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. Providence Capital Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $26,000. Advocate Investing Services LLC acquired a new position in JPMorgan Equity Premium Income ETF in the first 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. Finally, Monetary Solutions Ltd bought a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $30,000.
JPMorgan Equity Premium Income ETF Trading Down 0.4%
NYSEARCA JEPI opened at $57.78 on Tuesday. The firm has a market cap of $46.08 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The company has a 50 day moving average of $56.74 and a 200-day moving average of $57.16. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.
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.
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