JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 317,292 shares of the company’s stock after selling 19,574 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 1.1% of Thoroughbred Financial Services LLC’s holdings, making the stock its 18th largest position. Thoroughbred Financial Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $18,117,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after purchasing an additional 493,639 shares during the period. Raymond James Financial Inc. raised its stake in shares of 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 buying an additional 636,586 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 0.8% in the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after buying an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% in the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock valued at $355,327,000 after buying an additional 85,326 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $59.45 on Wednesday. The business’s fifty day moving average price is $58.36 and its 200 day moving average price is $57.44. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.72. The firm has a market capitalization of $43.81 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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.