Concourse Financial Group Securities Inc. Decreases Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Concourse Financial Group Securities Inc. decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 31,295 shares of the company’s stock after selling 1,091 shares during the period. Concourse Financial Group Securities Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,734,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JEPI. International Assets Investment Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $647,943,000. Morgan Stanley raised its holdings in shares of JPMorgan Equity Premium Income ETF by 12.1% in the third quarter. Morgan Stanley now owns 32,695,948 shares of the company’s stock worth $1,751,195,000 after buying an additional 3,531,562 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 41.5% during the third quarter. Envestnet Asset Management Inc. now owns 5,521,187 shares of the company’s stock worth $295,715,000 after buying an additional 1,618,295 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1,421.3% during the third quarter. Bank of New York Mellon Corp now owns 1,536,371 shares of the company’s stock valued at $82,288,000 after buying an additional 1,435,379 shares during the last quarter. Finally, UBS Group AG increased its position in shares of JPMorgan Equity Premium Income ETF by 21.5% in the 3rd quarter. UBS Group AG now owns 5,795,557 shares of the company’s stock valued at $310,410,000 after acquiring an additional 1,024,956 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock traded up $0.25 during midday trading on Thursday, reaching $57.01. The stock had a trading volume of 2,662,961 shares, compared to its average volume of 3,506,555. The firm has a fifty day simple moving average of $56.75 and a two-hundred day simple moving average of $55.56. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $57.94. The stock has a market cap of $33.46 billion, a PE ratio of 24.40 and a beta of 0.53.

About JPMorgan Equity Premium Income ETF

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.