Continuum Advisory LLC Lowers Position in JPMorgan Equity Premium Income ETF $JEPI

Continuum Advisory LLC trimmed its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 90,569 shares of the company’s stock after selling 16,538 shares during the period. Continuum Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Equitable Holdings Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 3,477.6% during the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after purchasing an additional 1,801,951 shares in the last quarter. Tableaux LLC raised its holdings in JPMorgan Equity Premium Income ETF by 1,462.3% in the fourth quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after purchasing an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after purchasing an additional 825,889 shares in the last quarter. SHP Wealth Management purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $42,882,000. Finally, RiverFront Investment Group LLC lifted its position in JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after buying an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

Shares of JEPI stock opened at $57.19 on Thursday. The company’s fifty day moving average price is $57.17 and its 200-day moving average price is $57.08. The stock has a market cap of $45.61 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90.

JPMorgan Equity Premium Income ETF 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.