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

Cherry Tree Wealth Management LLC cut its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 66.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,905 shares of the company’s stock after selling 23,511 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $669,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Legacy Private Trust Co. bought a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $2,602,000. Private Client Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $3,694,000. Studio Investment Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 194.0% in the 2nd quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock valued at $3,053,000 after purchasing an additional 35,668 shares during the last quarter. Tucker Asset Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock worth $1,921,000 after buying an additional 10,075 shares during the period. Finally, Nottingham Advisors Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 21.6% during the first quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock worth $46,301,000 after buying an additional 144,966 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI traded up $0.26 during mid-day trading on Thursday, reaching $57.12. 2,672,230 shares of the stock were exchanged, compared to its average volume of 5,124,912. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The stock has a 50 day simple moving average of $57.05 and a 200-day simple moving average of $56.73. The stock has a market cap of $45.88 billion, a P/E ratio of 23.93 and a beta of 0.53.

About JPMorgan Equity Premium Income ETF

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.