JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stock Position Cut by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 61.6% in the third quarter, HoldingsChannel reports. The fund owned 7,107 shares of the company’s stock after selling 11,419 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at about $28,000. Larson Financial Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 129.8% in the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 314 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $38,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 105.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock valued at $41,000 after acquiring an additional 367 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock traded up $0.01 during midday trading on Monday, reaching $58.48. The stock had a trading volume of 1,250,332 shares, compared to its average volume of 3,117,924. The firm’s fifty day simple moving average is $58.98 and its two-hundred day simple moving average is $57.45. JPMorgan Equity Premium Income ETF has a twelve month low of $53.33 and a twelve month high of $59.97. The firm has a market cap of $34.32 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.