Prime Capital Investment Advisors LLC Sells 2,029 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Prime Capital Investment Advisors LLC cut its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 502,203 shares of the company’s stock after selling 2,029 shares during the period. Prime Capital Investment Advisors LLC owned about 0.09% of JPMorgan Equity Premium Income ETF worth $29,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers grew its position in JPMorgan Equity Premium Income ETF by 406.2% in the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock valued at $239,292,000 after acquiring an additional 3,318,702 shares during the period. Strategic Financial Concepts LLC lifted its stake in JPMorgan Equity Premium Income ETF by 6,254.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after buying an additional 1,032,746 shares during the period. JPMorgan Chase & Co. lifted its stake in JPMorgan Equity Premium Income ETF by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after buying an additional 815,598 shares during the period. First Foundation Advisors lifted its stake in JPMorgan Equity Premium Income ETF by 91.9% in the first quarter. First Foundation Advisors now owns 1,203,095 shares of the company’s stock valued at $69,611,000 after buying an additional 576,068 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $31,505,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI traded down $0.01 during mid-day trading on Tuesday, hitting $60.07. The company had a trading volume of 417,709 shares, compared to its average volume of 3,127,555. JPMorgan Equity Premium Income ETF has a fifty-two week low of $53.67 and a fifty-two week high of $60.20. The business’s fifty day moving average is $59.09 and its two-hundred day moving average is $57.61. The firm has a market cap of $35.25 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.