Parallel Advisors LLC Reduces Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Parallel Advisors LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,557 shares of the company’s stock after selling 9,074 shares during the quarter. Parallel Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. US Bancorp DE lifted its stake in JPMorgan Equity Premium Income ETF by 28.0% in the 4th quarter. US Bancorp DE now owns 28,673 shares of the company’s stock worth $1,650,000 after purchasing an additional 6,273 shares in the last quarter. Clarity Wealth Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock worth $3,204,000 after buying an additional 401 shares in the last quarter. Tandem Financial LLC bought a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $757,000. Citigroup Inc. grew its position in JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after buying an additional 50,459 shares in the last quarter. Finally, New England Private Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 2.4% in the 4th quarter. New England Private Wealth Advisors LLC now owns 145,266 shares of the company’s stock worth $8,357,000 after acquiring an additional 3,369 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.6 %

Shares of JEPI opened at $57.10 on Wednesday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The company has a market cap of $39.03 billion, a PE ratio of 24.79 and a beta of 0.61. The stock has a 50-day moving average price of $58.49 and a 200-day moving average price of $58.91.

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.