Money Concepts Capital Corp Buys 98,750 Shares of JPMorgan Equity Premium Income ETF $JEPI

Money Concepts Capital Corp bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 98,750 shares of the company’s stock, valued at approximately $5,552,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBH Bank bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at about $27,000. Financial Management Professionals Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the third quarter worth about $30,000. Olistico Wealth LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $35,000. William Mack & Associates Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $37,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter worth about $51,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $58.04 on Friday. The firm has a market cap of $47.13 billion, a price-to-earnings ratio of 24.48 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm has a 50-day moving average price of $56.89 and a two-hundred day moving average price of $57.14.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.