Coordinated Financial Services Inc. Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Coordinated Financial Services Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 26,932 shares of the company’s stock, valued at approximately $1,549,000. JPMorgan Equity Premium Income ETF makes up approximately 1.2% of Coordinated Financial Services Inc.’s holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axis Wealth Partners LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $333,000. Personal CFO Solutions LLC raised its stake in JPMorgan Equity Premium Income ETF by 32.4% in the 4th quarter. Personal CFO Solutions LLC now owns 11,963 shares of the company’s stock valued at $688,000 after acquiring an additional 2,925 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $222,000. Naviter Wealth LLC boosted its position in JPMorgan Equity Premium Income ETF by 17.4% during the fourth quarter. Naviter Wealth LLC now owns 10,027 shares of the company’s stock worth $581,000 after purchasing an additional 1,486 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $91,000.

JPMorgan Equity Premium Income ETF Stock Up 0.6 %

NYSEARCA JEPI opened at $58.20 on Friday. The firm has a market cap of $38.91 billion, a P/E ratio of 25.75 and a beta of 0.61. The company’s 50 day moving average is $58.60 and its 200-day moving average is $58.98. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88.

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.