Capital Investment Advisors LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Capital Investment Advisors LLC trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.9% during the 4th quarter, Holdings Channel reports. The fund owned 796,351 shares of the company’s stock after selling 49,895 shares during the period. Capital Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $45,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares during the last quarter. Cetera Investment Advisers raised its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after buying an additional 52,301 shares during the period. Commonwealth Equity Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 8.4% in the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after buying an additional 285,180 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 2.4% during the third quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock worth $212,643,000 after buying an additional 83,858 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI traded down $0.12 during midday trading on Monday, hitting $56.94. The stock had a trading volume of 1,403,510 shares, compared to its average volume of 3,771,856. The stock’s 50 day moving average is $59.16 and its 200 day moving average is $58.38. The firm has a market cap of $33.41 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.72 and a 1 year high of $60.88.

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.