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

Quad Cities Investment Group LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,518 shares of the company’s stock after selling 781 shares during the quarter. Quad Cities Investment Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $260,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JEPI. Salomon & Ludwin LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $25,000. Running Point Capital Advisors LLC boosted its position 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 valued at $38,000 after acquiring an additional 362 shares during the period. Brown Lisle Cummings Inc. grew its stake in JPMorgan Equity Premium Income ETF by 48.0% during the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after acquiring an additional 255 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $49,000. Finally, Abound Wealth Management increased its holdings in JPMorgan Equity Premium Income ETF by 1,320.8% during the 4th quarter. Abound Wealth Management now owns 1,094 shares of the company’s stock worth $63,000 after acquiring an additional 1,017 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $57.27 on Tuesday. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $54.72 and a one year high of $60.88. The firm has a fifty day moving average price of $59.13 and a two-hundred day moving average price of $58.39.

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.