HBW Advisory Services LLC Has $29.99 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

HBW Advisory Services LLC cut its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,370 shares of the company’s stock after selling 23,258 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 4.2% of HBW Advisory Services LLC’s holdings, making the stock its 2nd biggest position. HBW Advisory Services LLC owned approximately 0.09% of JPMorgan Equity Premium Income ETF worth $29,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in JPMorgan Equity Premium Income ETF during the third quarter worth $25,000. HHM Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $28,000. Running Point Capital Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 131.2% during 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 period. Brown Lisle Cummings Inc. boosted its position in JPMorgan Equity Premium Income ETF by 48.0% during the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after purchasing an additional 255 shares during the period. Finally, Pathway Financial Advisers LLC bought a new position in JPMorgan Equity Premium Income ETF during the third quarter worth $49,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock traded down $0.72 during midday trading on Friday, reaching $57.17. 4,790,387 shares of the company were exchanged, compared to its average volume of 4,000,360. The business has a 50-day moving average price of $59.18 and a two-hundred day moving average price of $58.36. JPMorgan Equity Premium Income ETF has a one year low of $54.72 and a one year high of $60.88. The firm has a market capitalization of $33.55 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.