TBH Global Asset Management LLC Cuts Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

TBH Global Asset Management LLC decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,890 shares of the company’s stock after selling 18,792 shares during the period. JPMorgan Equity Premium Income ETF comprises about 0.9% of TBH Global Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. TBH Global Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,449,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JEPI. Fluent Financial LLC raised its position in JPMorgan Equity Premium Income ETF by 4.2% in the 1st quarter. Fluent Financial LLC now owns 4,467 shares of the company’s stock worth $258,000 after buying an additional 181 shares during the last quarter. Paragon Private Wealth Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.3% during the fourth quarter. Paragon Private Wealth Management LLC now owns 8,628 shares of the company’s stock valued at $474,000 after purchasing an additional 196 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 21.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,126 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in JPMorgan Equity Premium Income ETF by 17.5% during the first quarter. Salem Investment Counselors Inc. now owns 1,342 shares of the company’s stock valued at $78,000 after purchasing an additional 200 shares during the period. Finally, Penbrook Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 4.0% in the first quarter. Penbrook Management LLC now owns 5,150 shares of the company’s stock worth $298,000 after purchasing an additional 200 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.5 %

NYSEARCA:JEPI traded down $0.30 during trading hours on Thursday, reaching $57.03. The company had a trading volume of 3,240,898 shares, compared to its average volume of 3,253,156. The firm’s 50 day moving average price is $56.66 and its 200-day moving average price is $56.45. The firm has a market cap of $33.47 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $57.94.

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.