FUKOKU MUTUAL LIFE INSURANCE Co Buys New Position in JPMorgan Equity Premium Income ETF $JEPI

FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 415,000 shares of the company’s stock, valued at approximately $23,593,000. JPMorgan Equity Premium Income ETF accounts for about 1.5% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 24th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. Pin Oak Investment Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $32,000. Finally, Vision Financial Markets LLC bought a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at $47,000.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

Shares of NYSEARCA JEPI opened at $56.32 on Thursday. The firm has a market capitalization of $40.31 billion, a P/E ratio of 23.93 and a beta of 0.60. The firm’s 50-day moving average price is $56.85 and its 200-day moving average price is $56.57. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $60.88.

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.