JPMorgan Equity Premium Income ETF $JEPI Stock Sold by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 66.4% in the third quarter, HoldingsChannel reports. The firm owned 11,905 shares of the company’s stock after selling 23,511 shares during the period. Cherry Tree Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $669,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after buying an additional 146,792 shares in the last quarter. Royal Bank of Canada increased its stake in shares of JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after acquiring an additional 449,485 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after acquiring an additional 107,684 shares in the last quarter. Finally, Cornerstone Advisory LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after acquiring an additional 68,589 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock traded up $0.26 during trading on Thursday, reaching $57.12. 2,672,230 shares of the company traded hands, compared to its average volume of 5,124,912. The firm has a market capitalization of $45.88 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The company has a 50 day moving average price of $57.05 and a 200-day moving average price of $56.73.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.