Advance Capital Management Inc. Cuts Position in JPMorgan Equity Premium Income ETF $JEPI

Advance Capital Management Inc. decreased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 95.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,394 shares of the company’s stock after selling 374,622 shares during the quarter. Advance Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEPI. Brighton Jones LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $402,000. Russell Investments Group Ltd. grew its stake in shares of JPMorgan Equity Premium Income ETF by 201.9% in the 1st quarter. Russell Investments Group Ltd. now owns 1,129 shares of the company’s stock worth $64,000 after buying an additional 755 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3.0% in the 1st quarter. Level Four Advisory Services LLC now owns 44,984 shares of the company’s stock worth $2,570,000 after buying an additional 1,301 shares during the last quarter. CW Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 474.8% during the 1st quarter. CW Advisors LLC now owns 66,277 shares of the company’s stock valued at $3,803,000 after buying an additional 54,747 shares in the last quarter. Finally, MAS Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 36.2% in the 1st quarter. MAS Advisors LLC now owns 46,303 shares of the company’s stock valued at $2,646,000 after acquiring an additional 12,305 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.2%

JEPI opened at $57.54 on Friday. The stock has a 50-day moving average of $57.06 and a 200 day moving average of $56.79. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The firm has a market cap of $41.19 billion, a P/E ratio of 23.93 and a beta of 0.60.

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.