Taylor & Morgan Wealth Management LLC Cuts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Taylor & Morgan Wealth Management LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,664 shares of the company’s stock after selling 4,154 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 0.8% of Taylor & Morgan Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Taylor & Morgan Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth about $25,000. HHM Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $28,000. Larson Financial Group LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 129.8% during the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 314 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $38,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in JPMorgan Equity Premium Income ETF by 105.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock valued at $41,000 after buying an additional 367 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI traded up $0.14 during trading hours on Monday, reaching $59.37. The stock had a trading volume of 1,496,267 shares, compared to its average volume of 3,122,027. The stock has a fifty day moving average of $58.87 and a 200 day moving average of $57.35. The stock has a market cap of $34.84 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $51.74 and a 52-week high of $59.97.

About JPMorgan Equity Premium Income ETF

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.