CPA Asset Management LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

CPA Asset Management LLC decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,615 shares of the company’s stock after selling 412 shares during the period. CPA Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. lifted its holdings in JPMorgan Equity Premium Income ETF by 9.1% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 99,191 shares of the company’s stock valued at $5,706,000 after purchasing an additional 8,256 shares in the last quarter. Weinberger Asset Management Inc lifted its holdings in JPMorgan Equity Premium Income ETF by 5.8% in the 4th quarter. Weinberger Asset Management Inc now owns 68,337 shares of the company’s stock valued at $3,931,000 after purchasing an additional 3,722 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in JPMorgan Equity Premium Income ETF by 80.1% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 12,140 shares of the company’s stock valued at $701,000 after purchasing an additional 5,401 shares in the last quarter. Rothschild Investment LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 4.8% in the 4th quarter. Rothschild Investment LLC now owns 179,134 shares of the company’s stock valued at $10,306,000 after purchasing an additional 8,184 shares in the last quarter. Finally, Cannon Wealth Management Services LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 24.5% in the 4th quarter. Cannon Wealth Management Services LLC now owns 19,452 shares of the company’s stock valued at $1,139,000 after purchasing an additional 3,825 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.24 on Wednesday. The stock’s fifty day moving average is $58.57 and its two-hundred day moving average is $58.92. The firm has a market capitalization of $39.60 billion, a P/E ratio of 25.75 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88.

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.