Prime Capital Investment Advisors LLC Sells 14,183 Shares of JPMorgan Equity Premium Income ETF $JEPI

Prime Capital Investment Advisors LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 509,959 shares of the company’s stock after selling 14,183 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $28,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of JEPI. Envestnet Asset Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after acquiring an additional 146,792 shares during the period. Royal Bank of Canada boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after acquiring an additional 449,485 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after acquiring an additional 107,684 shares during the last quarter. Finally, Cornerstone Advisory LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.5% in the first quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock worth $115,092,000 after acquiring an additional 68,589 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

Shares of NYSEARCA:JEPI traded up $0.28 during midday trading on Tuesday, reaching $57.34. The company’s stock had a trading volume of 2,190,793 shares, compared to its average volume of 5,117,386. The stock has a fifty day moving average of $57.02 and a 200 day moving average of $56.75. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The firm has a market capitalization of $45.98 billion, a PE ratio of 23.93 and a beta of 0.53.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.