Taylor & Morgan Wealth Management LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Taylor & Morgan Wealth Management LLC reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,086 shares of the company’s stock after selling 314 shares during the period. JPMorgan Equity Premium Income ETF comprises about 0.5% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 28th largest position. Taylor & Morgan Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $801,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Equity Premium Income ETF by 35.9% during the 1st quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock worth $1,609,887,000 after purchasing an additional 7,443,750 shares during the last quarter. Royal Bank of Canada lifted its position in shares of JPMorgan Equity Premium Income ETF by 10.5% during the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock worth $463,927,000 after purchasing an additional 772,858 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock worth $434,911,000 after purchasing an additional 774,664 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 6,084.5% during the 1st quarter. GAMMA Investing LLC now owns 7,460,484 shares of the company’s stock worth $426,292,000 after purchasing an additional 7,339,853 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 14.9% during the 1st quarter. Raymond James Financial Inc. now owns 6,435,593 shares of the company’s stock worth $367,730,000 after purchasing an additional 833,285 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.6%

JPMorgan Equity Premium Income ETF stock opened at $56.90 on Friday. The stock has a market cap of $41.06 billion, a P/E ratio of 23.93 and a beta of 0.62. The company has a fifty day simple moving average of $56.77 and a 200-day simple moving average of $56.22. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88.

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.