Smartleaf Asset Management LLC Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Smartleaf Asset Management LLC decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 74,621 shares of the company’s stock after selling 13,318 shares during the period. Smartleaf Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,325,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clarity Wealth Advisors LLC raised its holdings in 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 valued at $3,204,000 after buying an additional 401 shares during the period. Tandem Financial LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $757,000. Citigroup Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares during the period. First Horizon Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 223.8% during the fourth quarter. First Horizon Advisors Inc. now owns 5,961 shares of the company’s stock valued at $343,000 after purchasing an additional 4,120 shares during the period. Finally, Red Crane Wealth Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $1,193,000.

JPMorgan Equity Premium Income ETF Stock Up 1.2 %

JEPI opened at $59.41 on Friday. The firm has a market capitalization of $39.71 billion, a P/E ratio of 25.75 and a beta of 0.61. The firm’s 50 day moving average is $58.64 and its 200-day moving average is $58.95. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88.

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.