Novare Capital Management LLC Lowers Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Novare Capital Management LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,725 shares of the company’s stock after selling 650 shares during the quarter. Novare Capital Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $847,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its stake in JPMorgan Equity Premium Income ETF by 8.8% during the second quarter. Bank of Montreal Can now owns 41,865 shares of the company’s stock valued at $2,382,000 after buying an additional 3,374 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $295,000. Beaird Harris Wealth Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 293.0% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,594 shares of the company’s stock worth $147,000 after purchasing an additional 1,934 shares during the last quarter. Horizon Advisory Services Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 0.5% in the 2nd quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock worth $26,766,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Sepio Capital LP grew its position in JPMorgan Equity Premium Income ETF by 2.4% during the 2nd quarter. Sepio Capital LP now owns 18,888 shares of the company’s stock valued at $1,071,000 after purchasing an additional 438 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.10 on Friday. The company has a 50-day simple moving average of $58.93 and a two-hundred day simple moving average of $58.52. The stock has a market capitalization of $34.68 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week 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.