Schmidt P J Investment Management Inc. Has $337,000 Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Schmidt P J Investment Management Inc. reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,659 shares of the company’s stock after selling 885 shares during the period. Schmidt P J Investment Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Trust Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 42.8% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,668 shares of the company’s stock valued at $99,000 after buying an additional 500 shares during the period. Cambridge Advisors Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 7.6% in the 3rd quarter. Cambridge Advisors Inc. now owns 138,030 shares of the company’s stock valued at $8,214,000 after buying an additional 9,753 shares during the period. Mason & Associates Inc increased its stake in shares of JPMorgan Equity Premium Income ETF by 84.4% in the 3rd quarter. Mason & Associates Inc now owns 100,538 shares of the company’s stock valued at $5,983,000 after buying an additional 46,010 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $6,385,000. Finally, BTS Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $615,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $59.38 on Friday. The stock has a fifty day moving average of $58.84 and a 200-day moving average of $57.33. The stock has a market capitalization of $34.85 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $59.97.

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.