JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Sold by Element Wealth LLC

Element Wealth LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 46.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,266 shares of the company’s stock after selling 3,659 shares during the quarter. Element Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $245,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $28,000. Ulland Investment Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $32,000. Finally, Running Point Capital Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after acquiring an additional 362 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $59.13 on Friday. The business has a fifty day moving average price of $58.57 and a 200 day moving average price of $58.83. The company has a market cap of $34.70 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88.

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.