JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Beta Wealth Group Inc.

Beta Wealth Group Inc. trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 96.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,959 shares of the company’s stock after selling 247,229 shares during the period. Beta Wealth Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $59.31 on Tuesday. The firm’s fifty day moving average is $58.15 and its two-hundred day moving average is $57.30. The firm has a market cap of $43.71 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.3444 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date 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.