Cherry Tree Wealth Management LLC Reduces Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Cherry Tree Wealth Management LLC decreased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,480 shares of the company’s stock after selling 1,161 shares during the period. Cherry Tree Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth $28,000. Ulland Investment Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $31,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $32,000. Finally, Running Point Capital Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 131.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $59.13 on Monday. The company has a 50-day moving average of $58.57 and a 200-day moving average of $58.88. The company has a market capitalization of $34.70 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88.

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.