Taylor & Morgan Wealth Management LLC Sells 3,399 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Taylor & Morgan Wealth Management LLC reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,265 shares of the company’s stock after selling 3,399 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 0.7% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Taylor & Morgan Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $936,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at $25,000. Running Point Capital Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 131.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after acquiring an additional 362 shares in the last quarter. Brown Lisle Cummings Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after purchasing an additional 255 shares during the period. Pathway Financial Advisers LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth $49,000. Finally, Abound Wealth Management lifted its position in JPMorgan Equity Premium Income ETF by 1,320.8% during the fourth quarter. Abound Wealth Management now owns 1,094 shares of the company’s stock valued at $63,000 after buying an additional 1,017 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $58.50 on Friday. The firm’s 50-day moving average price is $59.02 and its 200-day moving average price is $58.42. The company has a market capitalization of $34.33 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88.

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.