Bryn Mawr Capital Management LLC Sells 1,594 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bryn Mawr Capital Management LLC cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.5% during the fourth quarter, HoldingsChannel reports. The firm owned 17,217 shares of the company’s stock after selling 1,594 shares during the period. Bryn Mawr Capital Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JEPI. Consolidated Planning Corp lifted its stake in JPMorgan Equity Premium Income ETF by 0.5% in the fourth quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock worth $1,931,000 after acquiring an additional 179 shares during the period. Landmark Wealth Management LLC lifted its position in shares of 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 valued at $221,000 after buying an additional 185 shares during the last quarter. Aviance Capital Partners LLC lifted its position in shares of 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 during the last quarter. Fortis Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.0% during the fourth quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock valued at $578,000 after buying an additional 196 shares during the last quarter. Finally, Key Financial Inc lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the third quarter. Key Financial Inc now owns 9,798 shares of the company’s stock valued at $583,000 after buying an additional 200 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.09 on Thursday. The firm has a market cap of $39.50 billion, a price-to-earnings ratio of 25.75 and a beta of 0.61. The firm has a 50-day simple moving average of $58.59 and a two-hundred day simple moving average of $58.92. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88.

JPMorgan Equity Premium Income ETF Company 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.