Cedarwood Wealth LLC Acquires New Holdings in JPMorgan Equity Premium Income ETF $JEPI

Cedarwood Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,079 shares of the company’s stock, valued at approximately $2,232,000. JPMorgan Equity Premium Income ETF makes up 2.5% of Cedarwood Wealth LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Rice Partnership LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $28,000. EQ Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $29,000. Finally, Monetary Solutions Ltd bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $30,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.10 on Friday. The company has a fifty day moving average price of $56.48 and a 200 day moving average price of $57.42. The firm has a market cap of $44.45 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.

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.