Taylor & Morgan Wealth Management LLC Sells 3,399 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Taylor & Morgan Wealth Management LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,265 shares of the company’s stock after selling 3,399 shares during the period. JPMorgan Equity Premium Income ETF makes up about 0.7% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Taylor & Morgan Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $375,000. Blair William & Co. IL boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 10.7% in the 2nd quarter. Blair William & Co. IL now owns 128,675 shares of the company’s stock worth $7,293,000 after purchasing an additional 12,472 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 14.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 41,666 shares of the company’s stock valued at $2,362,000 after purchasing an additional 5,300 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 11.3% during the 2nd quarter. AE Wealth Management LLC now owns 224,140 shares of the company’s stock valued at $12,704,000 after buying an additional 22,698 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 7.9% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 94,821 shares of the company’s stock worth $5,378,000 after buying an additional 6,941 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $58.50 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a 50 day simple moving average of $59.02 and a two-hundred day simple moving average of $58.42. The firm has a market cap of $34.33 billion, a P/E 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.