Capital Investment Advisors LLC Buys 98,098 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Capital Investment Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 596,168 shares of the company’s stock after purchasing an additional 98,098 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.0% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Capital Investment Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $32,986,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JEPI. Family Management Corp bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $25,000. Salem Investment Counselors Inc. bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $27,000. Patriot Investment Management Group Inc. bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $27,000. WealthShield Partners LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $29,000. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $31,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI traded down $0.40 on Friday, reaching $55.19. 3,465,192 shares of the company’s stock were exchanged, compared to its average volume of 4,569,698. The firm has a market cap of $28.59 billion, a price-to-earnings ratio of 21.55 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52 week low of $49.92 and a 52 week high of $56.92. The stock has a fifty day simple moving average of $55.30 and a 200-day simple moving average of $54.64.

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.