Costello Asset Management INC Reduces Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Costello Asset Management INC cut its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 68.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,655 shares of the company’s stock after selling 3,527 shares during the period. Costello Asset Management INC’s holdings in JPMorgan Equity Premium Income ETF were worth $95,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Destiny Wealth Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Destiny Wealth Partners LLC now owns 114,399 shares of the company’s stock valued at $6,581,000 after buying an additional 5,395 shares during the period. Chicago Partners Investment Group LLC grew its stake in JPMorgan Equity Premium Income ETF by 4,176.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 223,862 shares of the company’s stock valued at $12,959,000 after acquiring an additional 218,627 shares in the last quarter. N.E.W. Advisory Services LLC increased its holdings in JPMorgan Equity Premium Income ETF by 4.5% during the 4th quarter. N.E.W. Advisory Services LLC now owns 72,112 shares of the company’s stock worth $4,149,000 after acquiring an additional 3,129 shares during the period. Heck Capital Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $63,000. Finally, Saxony Capital Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 123.3% in the 4th quarter. Saxony Capital Management LLC now owns 38,297 shares of the company’s stock valued at $2,203,000 after purchasing an additional 21,149 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $58.97 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The firm has a market capitalization of $34.61 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average price of $58.86 and a 200-day moving average price of $58.59.

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.