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

Ameritas Advisory Services LLC reduced its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 74.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,950 shares of the company’s stock after selling 62,912 shares during the quarter. Ameritas Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,253,000 as of its most recent filing with the SEC.

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

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $59.31 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The company has a market capitalization of $43.71 billion, a PE ratio of 23.93 and a beta of 0.60. The stock has a fifty day moving average of $58.10 and a 200-day moving average of $57.28.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.