Quad Cities Investment Group LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Quad Cities Investment Group LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,275 shares of the company’s stock after selling 243 shares during the period. Quad Cities Investment Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.6% during the fourth quarter. Bank of America Corp DE now owns 31,254,116 shares of the company’s stock valued at $1,798,049,000 after buying an additional 506,627 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of JPMorgan Equity Premium Income ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after acquiring an additional 2,051,299 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 6,084.5% during the 1st quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after acquiring an additional 7,339,853 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of JPMorgan Equity Premium Income ETF by 10.8% during the 4th quarter. Royal Bank of Canada now owns 7,346,281 shares of the company’s stock worth $422,631,000 after acquiring an additional 714,849 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $55.98 on Monday. The stock has a market capitalization of $39.55 billion, a PE ratio of 24.55 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88. The company’s fifty day simple moving average is $55.12 and its 200-day simple moving average is $57.46.

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.