Concorde Asset Management LLC Takes $284,000 Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Concorde Asset Management LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,765 shares of the company’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 3,500.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,800 shares of the company’s stock valued at $104,000 after purchasing an additional 1,750 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 844.7% in the 1st quarter. EP Wealth Advisors LLC now owns 21,114 shares of the company’s stock valued at $1,222,000 after purchasing an additional 18,879 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 23.2% in the 1st quarter. Kestra Advisory Services LLC now owns 827,579 shares of the company’s stock valued at $47,884,000 after purchasing an additional 155,777 shares in the last quarter. BOKF NA lifted its holdings in JPMorgan Equity Premium Income ETF by 195.9% in the 1st quarter. BOKF NA now owns 216,952 shares of the company’s stock valued at $12,425,000 after purchasing an additional 143,645 shares in the last quarter. Finally, CoreFirst Bank & Trust lifted its holdings in JPMorgan Equity Premium Income ETF by 23.7% in the 1st quarter. CoreFirst Bank & Trust now owns 29,937 shares of the company’s stock valued at $1,732,000 after purchasing an additional 5,735 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.91 on Friday. The stock’s fifty day moving average is $59.34 and its two-hundred day moving average is $57.79. The firm has a market capitalization of $35.16 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.27 and a fifty-two week high of $60.20.

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.