JPMorgan Equity Premium Income ETF $JEPI Stock Sold by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 92.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,120 shares of the company’s stock after selling 13,667 shares during the period. Carnegie Lake Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $63,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $197,781,000. Hamilton Capital LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $84,219,000. Nottingham Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $46,488,000. Oakworth Capital Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $41,768,000. Finally, Foguth Wealth Management LLC. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 366.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock valued at $51,530,000 after purchasing an additional 722,490 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.43 on Monday. The stock has a market cap of $45.32 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52. The stock has a 50 day moving average price of $56.85 and a 200-day moving average price of $57.15. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90.

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.