Axxcess Wealth Management LLC Has $9.12 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Axxcess Wealth Management LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 31.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 159,788 shares of the company’s stock after selling 73,990 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,124,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $25,000. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the last quarter. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $59.20 on Wednesday. The company has a fifty day moving average price of $58.19 and a two-hundred day moving average price of $57.33. The firm has a market capitalization of $43.63 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

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