Money Concepts Capital Corp Increases Stake in JPMorgan Equity Premium Income ETF $JEPI

Money Concepts Capital Corp raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 49.3% in the first quarter, HoldingsChannel reports. The fund owned 120,253 shares of the company’s stock after purchasing an additional 39,704 shares during the period. Money Concepts Capital Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $6,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Equitable Holdings Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3,477.6% during the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after purchasing an additional 1,801,951 shares in the last quarter. Tableaux LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after purchasing an additional 1,407,660 shares during the period. Raymond James Financial Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 11.4% during the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares in the last quarter. Tcfg Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after buying an additional 810,739 shares in the last quarter. Finally, SHP Wealth Management purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $42,882,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.63 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The firm’s fifty day moving average is $56.15 and its 200 day moving average is $57.32. The firm has a market cap of $44.98 billion, a PE ratio of 23.93 and a beta of 0.54.

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