Econ Financial Services Corp Invests $1.15 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Econ Financial Services Corp purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,786 shares of the company’s stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $647,943,000. Global Assets Advisory LLC grew its position in JPMorgan Equity Premium Income ETF by 5,858.1% in the first quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after acquiring an additional 6,061,819 shares during the period. Rational Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the first quarter worth $47,650,000. JPMorgan Chase & Co. raised its position in JPMorgan Equity Premium Income ETF by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in JPMorgan Equity Premium Income ETF by 39.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,503,336 shares of the company’s stock valued at $144,843,000 after purchasing an additional 703,731 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI traded up $0.05 during mid-day trading on Monday, reaching $57.02. 2,345,044 shares of the company’s stock were exchanged, compared to its average volume of 3,230,853. The firm has a market capitalization of $33.46 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $57.94. The company’s 50-day moving average is $56.61 and its 200-day moving average is $56.56.

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.