Transce3nd LLC Sells 80,863 Shares of JPMorgan Equity Premium Income ETF $JEPI

Transce3nd LLC cut its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 94.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,686 shares of the company’s stock after selling 80,863 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 2.0% of Transce3nd LLC’s portfolio, making the stock its 14th biggest holding. Transce3nd LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $257,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $25,000. GHP Investment Advisors Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $25,000. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 73.6% in 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 during the period. Finally, BTG Pactual Asset Management US LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

Shares of NYSEARCA:JEPI opened at $59.88 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.90. The stock has a market cap of $44.13 billion, a PE ratio of 23.93 and a beta of 0.60. The business has a 50 day moving average of $58.50 and a 200-day moving average of $57.51.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.9%.

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.