Next Level Private LLC Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

Next Level Private LLC lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 73.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,492 shares of the company’s stock after selling 47,278 shares during the period. Next Level Private LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,001,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JEPI. Scott Capital Advisors LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 124.4% during the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock valued at $7,037,000 after purchasing an additional 68,548 shares during the period. Clearstead Trust LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 307.8% in the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after purchasing an additional 59,999 shares during the period. BG Investment Services Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 49.1% in the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after buying an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 7.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after buying an additional 15,186 shares during the last quarter. Finally, Cascade Wealth Advisors Inc grew its position in JPMorgan Equity Premium Income ETF by 5.9% during the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after buying an additional 14,899 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.0%

Shares of JEPI stock opened at $56.09 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 $41.34 billion, a P/E ratio of 23.93 and a beta of 0.60. The company has a 50 day simple moving average of $58.51 and a two-hundred day simple moving average of $57.59.

JPMorgan Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.3513 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.