Newport Capital Group LLC Reduces Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Newport Capital Group LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 39.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,829 shares of the company’s stock after selling 23,082 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.5% of Newport Capital Group LLC’s investment portfolio, making the stock its 16th biggest holding. Newport Capital Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Investment Partners Asset Management Inc. lifted its position in JPMorgan Equity Premium Income ETF by 1.6% during the fourth quarter. Investment Partners Asset Management Inc. now owns 85,148 shares of the company’s stock valued at $4,899,000 after purchasing an additional 1,325 shares during the period. AFT Forsyth & Company Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 9.4% in the fourth quarter. AFT Forsyth & Company Inc. now owns 8,593 shares of the company’s stock worth $494,000 after buying an additional 738 shares during the last quarter. Beckerman Institutional LLC grew its holdings in JPMorgan Equity Premium Income ETF by 1.1% during the fourth quarter. Beckerman Institutional LLC now owns 23,966 shares of the company’s stock worth $1,379,000 after acquiring an additional 258 shares during the period. Consolidated Planning Corp raised its position in JPMorgan Equity Premium Income ETF by 0.5% during the fourth quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock valued at $1,931,000 after acquiring an additional 179 shares in the last quarter. Finally, MFG Wealth Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $320,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.28 on Friday. The firm’s 50 day simple moving average is $58.60 and its 200-day simple moving average is $58.72. The stock has a market capitalization of $34.79 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month 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.