Private Advisor Group LLC Trims Position in JPMorgan Equity Premium Income ETF $JEPI

Private Advisor Group LLC lowered its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.2% in the third quarter, Holdings Channel reports. The institutional investor owned 149,328 shares of the company’s stock after selling 16,963 shares during the quarter. Private Advisor Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,527,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hamilton Capital LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $72,373,000. RiverFront Investment Group LLC raised its stake in JPMorgan Equity Premium Income ETF by 42.1% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after acquiring an additional 859,879 shares in the last quarter. Bank of America Corp DE grew its stake in JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the last quarter. Raymond James Financial Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after purchasing an additional 636,586 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in JPMorgan Equity Premium Income ETF by 40.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after acquiring an additional 581,218 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.96 on Thursday. The firm has a fifty day moving average of $58.61 and a two-hundred day moving average of $57.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.90. The company has a market cap of $42.71 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.3513 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 2nd.

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.