Prosperity Wealth Management Inc. Trims Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Prosperity Wealth Management Inc. lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 43.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,184 shares of the company’s stock after selling 13,205 shares during the period. Prosperity Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $989,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $322,301,000. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 4,498.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after acquiring an additional 1,273,452 shares during the period. Eaton Financial Holdings Company LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $51,202,000. Finally, World Investment Advisors LLC lifted its stake in JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after buying an additional 711,094 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.75 on Wednesday. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock’s 50 day moving average price is $58.57 and its 200 day moving average price is $58.97. The firm has a market cap of $37.94 billion, a P/E ratio of 25.75 and a beta of 0.61.

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.