Money Concepts Capital Corp Makes New $5.55 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Money Concepts Capital Corp acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 98,750 shares of the company’s stock, valued at approximately $5,552,000.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP lifted its position in JPMorgan Equity Premium Income ETF by 15.2% in the 3rd quarter. Allworth Financial LP now owns 1,558,002 shares of the company’s stock valued at $87,996,000 after acquiring an additional 205,840 shares in the last quarter. Collaborative Wealth Managment Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 8.0% during the 3rd quarter. Collaborative Wealth Managment Inc. now owns 61,599 shares of the company’s stock valued at $3,463,000 after purchasing an additional 4,573 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 5.3% during the 3rd quarter. Tortoise Investment Management LLC now owns 5,411 shares of the company’s stock worth $304,000 after purchasing an additional 270 shares in the last quarter. Everest Financial Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 5.6% during the 3rd quarter. Everest Financial Group LLC now owns 289,247 shares of the company’s stock worth $16,261,000 after purchasing an additional 15,219 shares in the last quarter. Finally, John A. Wolfe & Associates Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 1.5% during the 3rd quarter. John A. Wolfe & Associates Inc. now owns 237,477 shares of the company’s stock worth $13,351,000 after purchasing an additional 3,454 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.04 on Friday. The company has a market cap of $47.13 billion, a PE ratio of 24.48 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The business has a 50 day moving average price of $56.89 and a 200-day moving average price of $57.14.

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.