Aptus Capital Advisors LLC Trims Holdings in JPMorgan Equity Premium Income ETF $JEPI

Aptus Capital Advisors LLC reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 467,845 shares of the company’s stock after selling 45,608 shares during the period. Aptus Capital Advisors LLC owned approximately 0.07% of JPMorgan Equity Premium Income ETF worth $26,714,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the period. Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after acquiring an additional 493,639 shares during the period. Raymond James Financial Inc. raised its stake in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares during the last quarter. Nationwide Fund Advisors lifted its position in JPMorgan Equity Premium Income ETF by 0.8% during the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after acquiring an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. lifted its position in JPMorgan Equity Premium Income ETF by 1.4% during the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after acquiring an additional 85,326 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.8%

NYSEARCA:JEPI opened at $58.62 on Friday. The firm has a market cap of $43.20 billion, a P/E ratio of 23.93 and a beta of 0.60. The stock’s 50 day simple moving average is $58.58 and its 200-day simple moving average is $57.57. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.3513 dividend. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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.