Kovack Advisors Inc. Cuts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Kovack Advisors Inc. reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,125 shares of the company’s stock after selling 3,642 shares during the quarter. Kovack Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,601,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Perritt Capital Management Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 44.4% during the third quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Albion Financial Group UT increased its stake in shares of JPMorgan Equity Premium Income ETF by 8,375.0% in the third quarter. Albion Financial Group UT now owns 678 shares of the company’s stock worth $36,000 after buying an additional 670 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 79.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock worth $36,000 after buying an additional 291 shares during the last quarter. BOK Financial Private Wealth Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 400.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock worth $42,000 after buying an additional 600 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $42,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI traded up $0.17 during midday trading on Friday, reaching $56.28. The company had a trading volume of 2,284,349 shares, compared to its average volume of 3,569,882. The stock has a market capitalization of $32.97 billion, a P/E ratio of 24.51 and a beta of 0.54. The stock’s fifty day moving average price is $56.83 and its 200-day moving average price is $55.40. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $57.94.

About JPMorgan Equity Premium Income ETF

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.