Prevail Innovative Wealth Advisors LLC Has $5.44 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Prevail Innovative Wealth Advisors LLC decreased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 35.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 94,627 shares of the company’s stock after selling 51,539 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.6% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Prevail Innovative Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,444,000 at the end of the most recent quarter.

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

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.68 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88. The company has a market capitalization of $38.75 billion, a P/E ratio of 24.79 and a beta of 0.61. The company has a fifty day moving average price of $58.41 and a 200-day moving average price of $58.87.

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.