JPMorgan Equity Premium Income ETF $JEPI is Cambridge Advisors Inc.’s 10th Largest Position

Cambridge Advisors Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,501 shares of the company’s stock after purchasing an additional 15,195 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 2.1% of Cambridge Advisors Inc.’s holdings, making the stock its 10th largest position. Cambridge Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,706,000 as of its most recent SEC filing.

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

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.97 on Thursday. The firm has a market cap of $41.49 billion, a PE ratio of 23.93 and a beta of 0.60. The firm’s 50 day moving average price is $57.13 and its 200 day moving average price is $56.84. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73.

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.