Cascade Wealth Advisors Inc Has $15.24 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Cascade Wealth Advisors Inc grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 268,627 shares of the company’s stock after purchasing an additional 14,899 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 7.5% of Cascade Wealth Advisors Inc’s holdings, making the stock its 3rd largest holding. Cascade Wealth Advisors Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $15,237,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $25,000. Clarity Asset Management Inc. acquired 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 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 purchasing an additional 212 shares during the last quarter. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $28,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth about $31,000.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

NYSEARCA:JEPI opened at $59.88 on Monday. The stock has a market capitalization of $44.13 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90. The firm has a 50 day moving average of $58.50 and a 200-day moving average of $57.51.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.3444 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, February 2nd.

JPMorgan Equity Premium Income ETF Company 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.