Concurrent Investment Advisors LLC Has $8.59 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Concurrent Investment Advisors LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 33.8% in the second quarter, HoldingsChannel.com reports. The fund owned 151,033 shares of the company’s stock after purchasing an additional 38,186 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in JEPI. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $402,000. GAMMA Investing LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 8.2% during the 1st quarter. GAMMA Investing LLC now owns 130,565 shares of the company’s stock worth $7,460,000 after buying an additional 9,934 shares during the last quarter. CX Institutional acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $66,000. Tritonpoint Wealth LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 33.9% during the 1st quarter. Tritonpoint Wealth LLC now owns 18,971 shares of the company’s stock worth $1,084,000 after buying an additional 4,799 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,710,856 shares of the company’s stock worth $97,758,000 after buying an additional 130,869 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.00 on Monday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $60.88. The firm has a market cap of $40.52 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. The firm’s 50-day simple moving average is $56.77 and its 200 day simple moving average is $56.10.

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.