Edgemoor Investment Advisors Inc. Has $9.24 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Edgemoor Investment Advisors Inc. boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 161,448 shares of the company’s stock after acquiring an additional 9,812 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $9,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 32.9% in the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after buying an additional 9,514 shares in the last quarter. Cascade Wealth Advisors Inc raised its position in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after buying an additional 14,899 shares in the last quarter. Clearstead Trust LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 307.8% in the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after buying an additional 59,999 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 90.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after buying an additional 12,790 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 32.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock valued at $12,920,000 after buying an additional 55,610 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.3%

Shares of NYSEARCA:JEPI opened at $56.04 on Friday. The firm has a 50 day moving average of $56.68 and a 200-day moving average of $57.54. The stock has a market capitalization of $44.40 billion, a PE ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 12 month low of $55.15 and a 12 month high of $59.90.

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.