Schmidt P J Investment Management Inc. Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Schmidt P J Investment Management Inc. reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,266 shares of the company’s stock after selling 393 shares during the period. Schmidt P J Investment Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. Ulland Investment Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $31,000. Running Point Capital Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 131.2% during the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after acquiring an additional 362 shares in the last quarter. Missouri Trust & Investment Co raised its position in shares of JPMorgan Equity Premium Income ETF by 737.2% in the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after acquiring an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after purchasing an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $58.94 on Thursday. The firm has a market capitalization of $34.59 billion, a PE ratio of 24.40 and a beta of 0.53. The business’s 50-day moving average is $58.75 and its two-hundred day moving average is $58.63. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88.

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.