Mascoma Wealth Management LLC Lowers Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Mascoma Wealth Management LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,433 shares of the company’s stock after selling 2,023 shares during the period. Mascoma Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JEPI. JPMorgan Chase & Co. boosted its stake in JPMorgan Equity Premium Income ETF by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after purchasing an additional 815,598 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after buying an additional 52,301 shares during the last quarter. Commonwealth Equity Services LLC raised its position in JPMorgan Equity Premium Income ETF by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after buying an additional 285,180 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 5.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after acquiring an additional 166,821 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $60.09 on Tuesday. The stock’s 50-day simple moving average is $59.09 and its two-hundred day simple moving average is $57.61. The stock has a market capitalization of $35.26 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $53.67 and a 52-week high of $60.20.

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.