Prospera Financial Services Inc Sells 35,821 Shares of JPMorgan Equity Premium Income ETF $JEPI

Prospera Financial Services Inc lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.8% during the second quarter, HoldingsChannel.com reports. The firm owned 423,847 shares of the company’s stock after selling 35,821 shares during the period. Prospera Financial Services Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $23,941,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First PREMIER Bank grew its stake in shares of JPMorgan Equity Premium Income ETF by 39.1% during the second quarter. First PREMIER Bank now owns 61,156 shares of the company’s stock worth $3,454,000 after purchasing an additional 17,199 shares during the period. Guardian Financial Partners LLC lifted its stake in JPMorgan Equity Premium Income ETF by 5.1% in the second quarter. Guardian Financial Partners LLC now owns 47,385 shares of the company’s stock valued at $2,676,000 after buying an additional 2,317 shares during the period. Independent Financial Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 17.3% in the second quarter. Independent Financial Group LLC now owns 180,844 shares of the company’s stock valued at $10,214,000 after buying an additional 26,699 shares during the period. Fifth Third Securities Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 32.0% in the second quarter. Fifth Third Securities Inc. now owns 197,548 shares of the company’s stock valued at $11,158,000 after buying an additional 47,886 shares during the period. Finally, Tompkins Financial Corp boosted its holdings in JPMorgan Equity Premium Income ETF by 33.6% during the second quarter. Tompkins Financial Corp now owns 44,958 shares of the company’s stock worth $2,539,000 after buying an additional 11,297 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

JPMorgan Equity Premium Income ETF stock opened at $57.92 on Friday. The firm has a market capitalization of $46.20 billion, a P/E ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The business has a 50-day moving average of $56.64 and a 200-day moving average of $57.17.

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