Cedarwood Wealth LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 38,079 shares of the company’s stock, valued at approximately $2,232,000. JPMorgan Equity Premium Income ETF comprises 2.5% of Cedarwood Wealth LLC’s holdings, making the stock its 9th largest position.
Several other institutional investors also recently modified their holdings of JEPI. Rice Partnership LLC raised its holdings in shares of 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 during the period. Providence Capital Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $28,000. EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $29,000. Finally, Monetary Solutions Ltd acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $30,000.
JPMorgan Equity Premium Income ETF Price Performance
NYSEARCA:JEPI opened at $56.10 on Friday. The stock’s 50 day moving average price is $56.48 and its two-hundred day moving average price is $57.42. The firm has a market capitalization of $44.45 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 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.
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