Tradition Wealth Management LLC Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

Tradition Wealth Management LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 269,489 shares of the company’s stock after selling 34,995 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 1.1% of Tradition Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. Tradition Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $15,426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rice Partnership LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $29,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $31,000. Finally, Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $55.52 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The company has a market capitalization of $43.99 billion, a PE ratio of 23.93 and a beta of 0.54. The business’s fifty day moving average is $56.57 and its 200 day moving average is $57.49.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.