JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,373,826 shares of the company’s stock after selling 138,540 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $79,613,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JEPI. Clarity Asset Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $25,000. Asset Dedication LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $28,000. BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $31,000. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $33,000. Finally, VSM Wealth Advisory LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.09 on Monday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.90. The stock has a market cap of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60. The stock has a 50 day moving average price of $58.51 and a 200 day moving average price of $57.61.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.3513 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.