Insigneo Advisory Services LLC Decreases Stake in JPMorgan Equity Premium Income ETF $JEPI

Insigneo Advisory Services LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 26.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,271 shares of the company’s stock after selling 29,060 shares during the period. Insigneo Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,698,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JEPI. Hamilton Capital LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $72,373,000. Bank of New York Mellon Corp grew its position in JPMorgan Equity Premium Income ETF by 191.5% during the second quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after buying an additional 1,122,256 shares during the period. RiverFront Investment Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after buying an additional 859,879 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in JPMorgan Equity Premium Income ETF by 602.3% in the second quarter. Atlantic Union Bankshares Corp now owns 956,167 shares of the company’s stock worth $54,358,000 after acquiring an additional 820,010 shares during the period. Finally, Bank of America Corp DE boosted its stake in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.9%

Shares of JEPI stock opened at $58.83 on Wednesday. The firm has a market cap of $43.36 billion, a P/E ratio of 23.93 and a beta of 0.60. The company has a 50 day moving average of $58.55 and a 200-day moving average of $57.55. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.3513 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.