Concurrent Investment Advisors LLC Increases Stake in JPMorgan Equity Premium Income ETF $JEPI

Concurrent Investment Advisors LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 32.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 216,817 shares of the company’s stock after acquiring an additional 52,719 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $12,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JEPI. Rice Partnership LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $26,000. Advocate Investing Services LLC bought a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth $28,000. Monetary Solutions Ltd purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $30,000. Finally, BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

Shares of NYSEARCA JEPI opened at $57.22 on Friday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The company has a 50 day moving average of $57.21 and a 200 day moving average of $57.07. The firm has a market cap of $45.64 billion, a P/E ratio of 23.93 and a beta of 0.53.

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.