Financial Partners Group Inc Reduces Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Financial Partners Group Inc lowered its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 456,139 shares of the company’s stock after selling 16,062 shares during the period. JPMorgan Equity Premium Income ETF makes up about 3.8% of Financial Partners Group Inc’s portfolio, making the stock its 5th biggest position. Financial Partners Group Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $26,242,000 as of its most recent SEC filing.

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

JPMorgan Equity Premium Income ETF Trading Down 0.3 %

Shares of JEPI stock opened at $58.97 on Monday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The business’s fifty day simple moving average is $58.86 and its 200-day simple moving average is $58.61. The company has a market cap of $34.61 billion, a PE ratio of 24.40 and a beta of 0.53.

About JPMorgan Equity Premium Income ETF

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.