JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Cornerstone Advisory LLC

Cornerstone Advisory LLC reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,961,971 shares of the company’s stock after selling 64,331 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 10.7% of Cornerstone Advisory LLC’s holdings, making the stock its biggest position. Cornerstone Advisory LLC owned about 0.27% of JPMorgan Equity Premium Income ETF worth $112,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of JEPI. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $402,000. AQR Capital Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $847,000. Schnieders Capital Management LLC. acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $3,093,000. Finally, First Trust Advisors LP acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.59 on Friday. The stock has a fifty day moving average of $57.79 and a two-hundred day moving average of $57.62. The company has a market capitalization of $45.19 billion, a PE ratio of 23.93 and a beta of 0.58. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.24 and a fifty-two week 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.