Prime Capital Investment Advisors LLC Sells 704,654 Shares of JPMorgan Equity Premium Income ETF $JEPI

Prime Capital Investment Advisors LLC reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 75.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,368 shares of the company’s stock after selling 704,654 shares during the period. Prime Capital Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Advisors Inc. OK lifted its stake in JPMorgan Equity Premium Income ETF by 1.8% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,044,641 shares of the company’s stock valued at $59,388,000 after purchasing an additional 18,819 shares during the last quarter. Belpointe Asset Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 2.6% during the second quarter. Belpointe Asset Management LLC now owns 164,838 shares of the company’s stock worth $9,371,000 after buying an additional 4,130 shares during the last quarter. Confluence Wealth Services Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.9% in the 2nd quarter. Confluence Wealth Services Inc. now owns 1,854,052 shares of the company’s stock valued at $105,403,000 after purchasing an additional 87,285 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 61.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,319 shares of the company’s stock worth $74,000 after buying an additional 500 shares in the last quarter. Finally, Chung Wu Investment Group LLC boosted its stake in JPMorgan Equity Premium Income ETF by 66.8% during the second quarter. Chung Wu Investment Group LLC now owns 35,922 shares of the company’s stock worth $2,042,000 after acquiring an additional 14,390 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.03 on Monday. The firm has a market capitalization of $41.28 billion, a P/E ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $60.88. The stock has a 50 day moving average price of $56.76 and a two-hundred day moving average price of $56.13.

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.