EverSource Wealth Advisors LLC Has $8.80 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

EverSource Wealth Advisors LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 154,044 shares of the company’s stock after selling 23,336 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JEPI. GHP Investment Advisors Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. raised its stake in JPMorgan Equity Premium Income ETF by 73.6% in the 2nd 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 period. Asset Dedication LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. Finally, BTG Pactual Asset Management US LLC bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $31,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $59.15 on Tuesday. The company’s 50-day moving average is $58.32 and its 200-day moving average is $57.42. The firm has a market capitalization of $43.59 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.72.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently disclosed 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 was Monday, February 2nd. This represents a c) annualized dividend 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.