JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Clearstead Advisors LLC

Clearstead Advisors LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,363,519 shares of the company’s stock after selling 63,381 shares during the period. JPMorgan Equity Premium Income ETF comprises about 1.0% of Clearstead Advisors LLC’s investment portfolio, making the stock its 19th largest position. Clearstead Advisors LLC owned approximately 0.19% of JPMorgan Equity Premium Income ETF worth $77,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in JEPI. Clearstead Trust LLC increased its position 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 last quarter. Curtis Advisory Group LLC grew its stake in JPMorgan Equity Premium Income ETF by 0.9% in the third quarter. Curtis Advisory Group LLC now owns 237,265 shares of the company’s stock worth $13,548,000 after purchasing an additional 2,108 shares in the last quarter. Avalon Trust Co acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter worth about $46,000. Koshinski Asset Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 12.3% in the third quarter. Koshinski Asset Management Inc. now owns 165,545 shares of the company’s stock valued at $9,453,000 after buying an additional 18,116 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $877,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

Shares of JEPI opened at $59.49 on Monday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.72. The firm has a market cap of $43.84 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock has a 50 day moving average of $58.29 and a 200-day moving average of $57.40.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.3444 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend 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.