Foresight Capital Management Advisors Inc. Invests $2.58 Million in JPMorgan Equity Premium Income ETF $JEPI

Foresight Capital Management Advisors Inc. bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 45,333 shares of the company’s stock, valued at approximately $2,577,000.

Several other institutional investors have also recently modified their holdings of the stock. Tcfg Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 198.2% in the second quarter. Tcfg Wealth Management LLC now owns 21,094 shares of the company’s stock valued at $1,199,000 after acquiring an additional 14,020 shares in the last quarter. MADDEN SECURITIES Corp raised its position in shares of JPMorgan Equity Premium Income ETF by 1.1% in the second quarter. MADDEN SECURITIES Corp now owns 307,785 shares of the company’s stock valued at $17,498,000 after buying an additional 3,410 shares during the last quarter. Capital Advisors Inc. OK boosted its position in JPMorgan Equity Premium Income ETF by 1.8% during the second quarter. Capital Advisors Inc. OK now owns 1,044,641 shares of the company’s stock worth $59,388,000 after acquiring an additional 18,819 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.6% during the second quarter. Belpointe Asset Management LLC now owns 164,838 shares of the company’s stock worth $9,371,000 after purchasing an additional 4,130 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 4.9% in the 2nd quarter. Confluence Wealth Services Inc. now owns 1,854,052 shares of the company’s stock valued at $105,403,000 after buying an additional 87,285 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.97 on Tuesday. The firm has a market capitalization of $41.21 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. The company has a 50 day moving average price of $56.76 and a 200 day moving average price of $56.13. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88.

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.