Comerica Bank Sells 15,922 Shares of JPMorgan Equity Premium Income ETF $JEPI

Comerica Bank decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,361 shares of the company’s stock after selling 15,922 shares during the period. Comerica Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $20,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Brighton Jones LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $402,000. AQR Capital Management LLC lifted its stake in JPMorgan Equity Premium Income ETF by 28.1% during the first 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 period. Goldman Sachs Group Inc. bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $847,000. Schnieders Capital Management LLC. bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $3,093,000. Finally, First Trust Advisors LP bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $529,000.

JPMorgan Equity Premium Income ETF Stock Down 0.5%

Shares of JEPI opened at $57.05 on Tuesday. JPMorgan Equity Premium Income ETF has a 12 month low of $54.72 and a 12 month high of $59.90. The company has a 50-day moving average price of $57.70 and a two-hundred day moving average price of $57.63. The stock has a market cap of $44.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.58.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.