Cahill Financial Advisors Inc. Raises Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Cahill Financial Advisors Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.6% in the second quarter, HoldingsChannel reports. The firm owned 104,753 shares of the company’s stock after buying an additional 3,634 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 0.7% of Cahill Financial Advisors Inc.’s holdings, making the stock its 27th biggest holding. Cahill Financial Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,955,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JEPI. Bartlett & CO. Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth about $25,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $29,000. Millstone Evans Group LLC acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $32,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $56.45 on Monday. The stock has a market capitalization of $40.41 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm’s 50 day simple moving average is $56.87 and its 200-day simple moving average is $56.50. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $60.88.

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.