Steele Capital Management Inc. Sells 12,587 Shares of JPMorgan Equity Premium Income ETF $JEPI

by · The Cerbat Gem

Steele Capital Management Inc. decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 3.8% during the third quarter, HoldingsChannel reports. The firm owned 317,733 shares of the company’s stock after selling 12,587 shares during the period. JPMorgan Equity Premium Income ETF comprises 0.8% of Steele Capital Management Inc.’s portfolio, making the stock its 28th largest holding. Steele Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $18,143,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Clarity Asset Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. Asset Dedication LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $58.25 on Friday. The stock has a market capitalization of $42.34 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The business has a fifty day moving average price of $57.27 and a 200 day moving average price of $56.98.

JPMorgan Equity Premium Income ETF Profile

(Free Report)

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.

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Want to see what other hedge funds are holding JEPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report).