Atria Investments Inc Reduces Stake in JPMorgan Equity Premium Income ETF $JEPI

Atria Investments Inc cut its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,398 shares of the company’s stock after selling 67,725 shares during the quarter. Atria Investments Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $6,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JEPI. GHP Investment Advisors Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the second 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. lifted its holdings in JPMorgan Equity Premium Income ETF by 73.6% in the second 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 last quarter. Asset Dedication LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter worth approximately $28,000. Finally, BTG Pactual Asset Management US LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

NYSEARCA:JEPI opened at $59.31 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73. The stock’s fifty day moving average is $58.10 and its two-hundred day moving average is $57.28. The company has a market capitalization of $43.71 billion, a P/E ratio of 23.93 and a beta of 0.60.

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) annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, February 2nd.

About JPMorgan Equity Premium Income ETF

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.