JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Cadence Bank

Cadence Bank decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 25.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,090 shares of the company’s stock after selling 44,418 shares during the quarter. Cadence Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $7,428,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. increased its holdings 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 purchasing an additional 212 shares during the last quarter. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $31,000. Finally, VSM Wealth Advisory LLC lifted its stake in JPMorgan Equity Premium Income ETF by 84.1% during the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.2%

Shares of NYSEARCA JEPI opened at $57.09 on Friday. The stock has a market capitalization of $42.07 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.90. The stock has a fifty day simple moving average of $58.61 and a 200-day simple moving average of $57.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.3513 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.