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

Cascade Wealth Advisors Inc trimmed its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.4% in the first quarter, HoldingsChannel.com reports. The fund owned 159,523 shares of the company’s stock after selling 12,834 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 3.6% of Cascade Wealth Advisors Inc’s portfolio, making the stock its 10th biggest position. Cascade Wealth Advisors Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $8,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rice Partnership LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $26,000. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $28,000. Advocate Investing Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $28,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $29,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.62 on Wednesday. The company has a market capitalization of $45.17 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The company’s 50 day simple moving average is $56.18 and its 200 day simple moving average is $57.26. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90.

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.