JPMorgan Equity Premium Income ETF $JEPI Position Lowered by Prentice Wealth Management LLC

Prentice Wealth Management LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,686 shares of the company’s stock after selling 9,662 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 3.1% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Prentice Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,699,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Equitable Holdings Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 3,477.6% in the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after buying an additional 1,801,951 shares during the last quarter. Tableaux LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after buying an additional 1,407,660 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the last quarter. Tcfg Wealth Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $42,882,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $55.83 on Wednesday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The company has a market cap of $44.24 billion, a P/E ratio of 23.93 and a beta of 0.54. The business’s 50-day simple moving average is $56.41 and its 200-day simple moving average is $57.41.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.