JPMorgan Chase & Co. Cuts Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

JPMorgan Chase & Co. lowered its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,215,825 shares of the company’s stock after selling 5,188,818 shares during the quarter. JPMorgan Chase & Co.’s holdings in JPMorgan Equity Premium Income ETF were worth $469,124,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JEPI. Clarity Asset Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth $28,000. Pin Oak Investment Advisors Inc. boosted its position in JPMorgan Equity Premium Income ETF by 73.6% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares in the last quarter. BTG Pactual Asset Management US LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000. Finally, Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth $33,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $57.70 on Wednesday. The stock’s 50-day moving average is $58.60 and its 200 day moving average is $57.61. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90. The company has a market cap of $42.52 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

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

JPMorgan Equity Premium Income ETF 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.