Sovran Advisors LLC Sells 28,172 Shares of JPMorgan Equity Premium Income ETF $JEPI

Sovran Advisors LLC cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 63.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,469 shares of the company’s stock after selling 28,172 shares during the period. Sovran Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $962,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 32.9% in the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after buying an additional 9,514 shares during the last quarter. Scott Capital Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 124.4% in the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after buying an additional 68,548 shares during the last quarter. Clearstead Trust LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 307.8% in the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after acquiring an additional 59,999 shares in the last quarter. BG Investment Services Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 49.1% in the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after acquiring an additional 22,670 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of JPMorgan Equity Premium Income ETF by 7.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock valued at $12,256,000 after acquiring an additional 15,186 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.45 on Monday. The stock has a 50 day moving average of $58.13 and a 200 day moving average of $57.57. The company has a market capitalization of $43.76 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90.

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.