Cherry Tree Wealth Management LLC Increases Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Cherry Tree Wealth Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,375 shares of the company’s stock after purchasing an additional 2,890 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Management Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.0% during the fourth quarter. Wealth Management Partners LLC now owns 9,820 shares of the company’s stock valued at $540,000 after acquiring an additional 195 shares during the last quarter. Perritt Capital Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 44.4% during the third quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Wealth Alliance raised its position in JPMorgan Equity Premium Income ETF by 5.8% in the third quarter. Wealth Alliance now owns 3,930 shares of the company’s stock worth $211,000 after acquiring an additional 214 shares during the period. Meeder Advisory Services Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 0.4% in the third quarter. Meeder Advisory Services Inc. now owns 50,001 shares of the company’s stock valued at $2,678,000 after acquiring an additional 217 shares during the last quarter. Finally, Resolute Wealth Strategies LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 0.9% during the 4th quarter. Resolute Wealth Strategies LLC now owns 25,415 shares of the company’s stock valued at $1,397,000 after acquiring an additional 233 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI traded up $0.09 during mid-day trading on Wednesday, hitting $56.75. The stock had a trading volume of 2,440,123 shares, compared to its average volume of 3,515,984. The firm has a market cap of $33.30 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 $57.94. The business has a fifty day moving average price of $56.76 and a 200-day moving average price of $55.56.

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.