Bellevue Asset Management LLC Reduces Position in JPMorgan Equity Premium Income ETF $JEPI

Bellevue Asset Management LLC trimmed its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.8% in the first quarter, Holdings Channel reports. The institutional investor owned 42,826 shares of the company’s stock after selling 9,911 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for approximately 1.2% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Bellevue Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $402,000. AQR Capital Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 28.1% in the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after purchasing an additional 18,619 shares during the period. Goldman Sachs Group Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $3,093,000. Finally, First Trust Advisors LP purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Stock Down 0.6%

JPMorgan Equity Premium Income ETF stock opened at $56.12 on Thursday. The stock has a market cap of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The business has a 50-day simple moving average of $56.23 and a 200 day simple moving average of $57.36. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90.

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