Apella Capital LLC Reduces Position in JPMorgan Equity Premium Income ETF $JEPI

Apella Capital LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 26.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 269,510 shares of the company’s stock after selling 97,034 shares during the quarter. Apella Capital LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $15,214,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after acquiring an additional 146,792 shares in the last quarter. Royal Bank of Canada raised its stake in JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after buying an additional 449,485 shares in the last quarter. Cetera Investment Advisers lifted its holdings in JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares during the period. MML Investors Services LLC boosted its position in JPMorgan Equity Premium Income ETF by 8.1% during the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock valued at $175,350,000 after acquiring an additional 230,264 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after acquiring an additional 107,684 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of NYSEARCA JEPI traded up $0.10 during mid-day trading on Thursday, reaching $56.55. 2,090,181 shares of the company were exchanged, compared to its average volume of 5,155,415. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm has a 50-day moving average of $57.11 and a 200 day moving average of $56.71. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 23.93 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.