Cambridge Advisors Inc. Has $10.71 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Cambridge Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 187,501 shares of the company’s stock after purchasing an additional 15,195 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 2.1% of Cambridge Advisors Inc.’s investment portfolio, making the stock its 10th largest holding. Cambridge Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,706,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $25,000. GHP Investment Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at about $25,000. Asset Dedication LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $28,000. Finally, Pin Oak Investment Advisors Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 73.6% in the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $57.97 on Thursday. The stock has a 50-day simple moving average of $57.13 and a 200 day simple moving average of $56.84. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73. The stock has a market capitalization of $41.49 billion, a PE ratio of 23.93 and a beta of 0.60.

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