Lion Street Advisors LLC Has $570,000 Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Lion Street Advisors LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.8% during the fourth quarter, HoldingsChannel reports. The fund owned 9,915 shares of the company’s stock after selling 500 shares during the quarter. Lion Street Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JEPI. Mattern Wealth Management LLC grew its position in JPMorgan Equity Premium Income ETF by 2.2% in the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock worth $480,000 after acquiring an additional 174 shares in the last quarter. Empirical Asset Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 4.0% in the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after purchasing an additional 179 shares in the last quarter. Landmark Wealth Management LLC increased its position in JPMorgan Equity Premium Income ETF by 5.1% during the fourth quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock worth $221,000 after buying an additional 185 shares during the last quarter. Aviance Capital Partners LLC raised its holdings in JPMorgan Equity Premium Income ETF by 1.1% during the third quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock valued at $1,030,000 after buying an additional 194 shares in the last quarter. Finally, Fortis Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.0% in the fourth quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock worth $578,000 after buying an additional 196 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $58.62 on Wednesday. The company has a market cap of $34.40 billion, a PE ratio of 24.40 and a beta of 0.53. The stock has a 50-day moving average of $58.78 and a 200-day moving average of $58.63. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88.

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.