SevenBridge Financial Group LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

SevenBridge Financial Group LLC decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 61,825 shares of the company’s stock after selling 10,645 shares during the quarter. SevenBridge Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,660,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Potentia Wealth acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $447,000. Florida Financial Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 54.3% in the 4th quarter. Florida Financial Advisors LLC now owns 7,014 shares of the company’s stock worth $404,000 after acquiring an additional 2,468 shares in the last quarter. US Bancorp DE raised its position in JPMorgan Equity Premium Income ETF by 28.0% during the fourth quarter. US Bancorp DE now owns 28,673 shares of the company’s stock worth $1,650,000 after acquiring an additional 6,273 shares during the period. Clarity Wealth Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 0.7% during the fourth quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock valued at $3,204,000 after purchasing an additional 401 shares in the last quarter. Finally, Tandem Financial LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $757,000.

JPMorgan Equity Premium Income ETF Stock Down 0.6 %

JEPI stock opened at $56.77 on Wednesday. The stock has a market capitalization of $39.19 billion, a P/E ratio of 24.88 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The firm has a 50-day simple moving average of $58.34 and a 200-day simple moving average of $58.85.

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.