JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Steele Capital Management Inc.

Steele Capital Management Inc. reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 304,966 shares of the company’s stock after selling 12,767 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 0.8% of Steele Capital Management Inc.’s holdings, making the stock its 29th biggest holding. Steele Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $17,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $28,000. BTG Pactual Asset Management US LLC bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $31,000. Logan Capital Management Inc. bought a new position in JPMorgan Equity Premium Income ETF during the third quarter worth $33,000. VSM Wealth Advisory LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the period. Finally, BankPlus Trust Department bought a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $34,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $57.79 on Monday. The company’s fifty day moving average is $57.92 and its two-hundred day moving average is $57.61. JPMorgan Equity Premium Income ETF has a 1-year low of $52.16 and a 1-year high of $59.90. The stock has a market capitalization of $45.20 billion, a price-to-earnings ratio of 23.93 and a beta of 0.58.

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