BLB&B Advisors LLC Sells 2,430 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

BLB&B Advisors LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 22.4% during the third quarter, HoldingsChannel reports. The firm owned 8,437 shares of the company’s stock after selling 2,430 shares during the period. BLB&B Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $502,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of JPMorgan Equity Premium Income ETF by 22.2% in the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after purchasing an additional 439,155 shares in the last quarter. Independence Bank of Kentucky boosted its position in JPMorgan Equity Premium Income ETF by 14.3% during the first quarter. Independence Bank of Kentucky now owns 13,290 shares of the company’s stock valued at $769,000 after buying an additional 1,660 shares during the period. Fiduciary Alliance LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at about $202,000. Marshall Financial Group LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 132.0% in the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after buying an additional 63,018 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 82.3% in the 1st quarter. Park Avenue Securities LLC now owns 17,101 shares of the company’s stock valued at $989,000 after acquiring an additional 7,719 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $59.53 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $59.97. The stock’s 50 day simple moving average is $58.76 and its 200 day simple moving average is $57.30. The firm has a market cap of $34.93 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.