Bank of New York Mellon Corp Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bank of New York Mellon Corp reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 23.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837,028 shares of the company’s stock after selling 253,402 shares during the period. Bank of New York Mellon Corp owned approximately 0.14% of JPMorgan Equity Premium Income ETF worth $47,443,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JEPI. Larson Financial Group LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 129.8% during the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 314 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $35,000. Morris Financial Concepts Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after acquiring an additional 331 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $38,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 105.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock worth $41,000 after acquiring an additional 367 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $58.83 on Monday. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $58.85. The company has a market capitalization of $34.52 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a fifty day moving average of $56.93 and a 200-day moving average of $56.79.

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.