Cambridge Investment Research Advisors Inc. Trims Stake in JPMorgan Equity Premium Income ETF $JEPI

Cambridge Investment Research Advisors Inc. reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,893,752 shares of the company’s stock after selling 139,779 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $108,398,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dana Investment Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF by 126.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 12,831 shares of the company’s stock valued at $734,000 after acquiring an additional 7,165 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF by 1,428.9% in the fourth quarter. 1620 Investment Advisors Inc. now owns 5,504 shares of the company’s stock valued at $315,000 after acquiring an additional 5,144 shares during the last quarter. Plus Group Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $548,000. Cauble & Harre Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $222,000. Finally, AlphaCore Capital LLC increased its stake in JPMorgan Equity Premium Income ETF by 4.1% in the fourth quarter. AlphaCore Capital LLC now owns 77,084 shares of the company’s stock valued at $4,445,000 after acquiring an additional 3,027 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.2%

JEPI opened at $55.89 on Friday. The stock has a market cap of $44.28 billion, a PE ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90. The business’s fifty day simple moving average is $57.00 and its 200 day simple moving average is $57.58.

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