JPMorgan Equity Premium Income ETF $JEPI Holdings Cut by Ameriflex Group Inc.

Ameriflex Group Inc. reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 69.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,844 shares of the company’s stock after selling 22,096 shares during the period. Ameriflex Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JEPI. Hamilton Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $72,373,000. Bank of New York Mellon Corp increased its holdings in shares of JPMorgan Equity Premium Income ETF by 191.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock worth $97,120,000 after acquiring an additional 1,122,256 shares during the period. RiverFront Investment Group LLC lifted its position in JPMorgan Equity Premium Income ETF by 42.1% in the 2nd quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after purchasing an additional 859,879 shares during the last quarter. Bank of America Corp DE lifted its position in JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Finally, Raymond James Financial Inc. boosted 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 purchasing an additional 636,586 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.9%

NYSEARCA JEPI opened at $58.09 on Friday. The company has a 50-day moving average price of $58.59 and a two-hundred day moving average price of $57.58. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.90. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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 given a dividend of $0.3513 per share. This is a boost from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Monday, March 2nd.

JPMorgan Equity Premium Income ETF 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.