JPMorgan Equity Premium Income ETF $JEPI is Prentice Wealth Management LLC’s 8th Largest Position

Prentice Wealth Management LLC lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,686 shares of the company’s stock after selling 9,662 shares during the period. JPMorgan Equity Premium Income ETF makes up 3.1% of Prentice Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Prentice Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,699,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Rice Partnership LLC boosted its position in JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $26,000. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $29,000. Finally, Monetary Solutions Ltd purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $30,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $55.83 on Wednesday. The business has a fifty day moving average price of $56.41 and a 200 day moving average price of $57.41. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market capitalization of $44.24 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

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