Avior Wealth Management LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Avior Wealth Management LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 40.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,044 shares of the company’s stock after selling 41,437 shares during the quarter. Avior Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Clarity Asset Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. Asset Dedication LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $33,000. Finally, VSM Wealth Advisory LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $56.09 on Friday. The business’s 50 day moving average price is $58.51 and its 200-day moving average price is $57.59. The firm has a market capitalization of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.3513 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.5%. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.