MONECO Advisors LLC Sells 3,525 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MONECO Advisors LLC reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 27.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,264 shares of the company’s stock after selling 3,525 shares during the quarter. MONECO Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEPI. Salomon & Ludwin LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $28,000. Ulland Investment Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $31,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $32,000. Finally, Running Point Capital Advisors LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $59.10 on Tuesday. The stock has a market capitalization of $34.68 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The business’s 50-day moving average is $58.56 and its 200 day moving average is $58.90.

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.