Northeast Financial Group Inc. Sells 50,767 Shares of JPMorgan Equity Premium Income ETF $JEPI

Northeast Financial Group Inc. trimmed its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,645 shares of the company’s stock after selling 50,767 shares during the period. JPMorgan Equity Premium Income ETF comprises 2.3% of Northeast Financial Group Inc.’s holdings, making the stock its 15th biggest holding. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $9,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $25,000. Pin Oak Investment Advisors Inc. grew its position in shares of 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 worth $28,000 after buying an additional 212 shares in the last quarter. Asset Dedication LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $28,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.26 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The business has a 50-day moving average price of $58.26 and a 200 day moving average price of $57.35. The company has a market capitalization of $43.67 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend 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.