Ergawealth Advisors Inc. Sells 108,196 Shares of JPMorgan Equity Premium Income ETF $JEPI

Ergawealth Advisors Inc. decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 59.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,910 shares of the company’s stock after selling 108,196 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 2.0% of Ergawealth Advisors Inc.’s portfolio, making the stock its 10th largest position. Ergawealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Asset Dedication LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $28,000. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $28,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $31,000. Finally, Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth about $33,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $57.61 on Thursday. The firm has a market cap of $44.66 billion, a P/E ratio of 23.93 and a beta of 0.59. The stock’s 50-day moving average is $58.03 and its 200-day moving average is $57.57. JPMorgan Equity Premium Income ETF has a one year low of $50.54 and a one year 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.