Cypress Capital Management LLC WY Has $1.44 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Cypress Capital Management LLC WY lowered its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,293 shares of the company’s stock after selling 993 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.6% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 20th biggest holding. Cypress Capital Management LLC WY’s holdings in JPMorgan Equity Premium Income ETF were worth $1,438,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JEPI. GHP Investment Advisors Inc. bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Millstone Evans Group LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter worth about $29,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $32,000.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

NYSEARCA JEPI opened at $56.45 on Friday. The firm has a 50-day moving average price of $56.87 and a two-hundred day moving average price of $56.46. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88. The company has a market capitalization of $40.41 billion, a P/E ratio of 23.93 and a beta of 0.60.

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.