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

Cannon Wealth Management Services LLC increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,452 shares of the company’s stock after acquiring an additional 3,825 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.0% of Cannon Wealth Management Services LLC’s holdings, making the stock its 23rd largest position. Cannon Wealth Management Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $28,000. Ulland Investment Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $31,000. Creative Capital Management Investments LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $32,000. Finally, Running Point Capital Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 131.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.0 %

NYSEARCA:JEPI opened at $59.13 on Monday. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88. The company has a market cap of $34.70 billion, a PE ratio of 24.40 and a beta of 0.53. The company has a 50 day simple moving average of $58.57 and a two-hundred day simple moving average of $58.88.

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.