Concord Asset Management LLC VA Invests $1.34 Million in JPMorgan Equity Premium Income ETF $JEPI

Concord Asset Management LLC VA acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,571 shares of the company’s stock, valued at approximately $1,340,000.

Several other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its position in JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after acquiring an additional 401,771,477 shares in the last quarter. JPMorgan Chase & Co. raised its position in JPMorgan Equity Premium Income ETF by 35.9% during the first quarter. JPMorgan Chase & Co. now owns 28,174,390 shares of the company’s stock valued at $1,609,887,000 after acquiring an additional 7,443,750 shares in the last quarter. Royal Bank of Canada raised its position in JPMorgan Equity Premium Income ETF by 10.5% during the first quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock valued at $463,927,000 after acquiring an additional 772,858 shares in the last quarter. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,611,329 shares of the company’s stock valued at $434,911,000 after acquiring an additional 774,664 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $396,998,000.

JPMorgan Equity Premium Income ETF Trading Down 1.3%

Shares of JEPI stock opened at $56.00 on Monday. The stock has a 50 day moving average of $56.77 and a 200 day moving average of $56.10. The stock has a market cap of $40.52 billion, a P/E ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $60.88.

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.