Bank of America Corp DE Sells 426,622 Shares of JPMorgan Equity Premium Income ETF $JEPI

Bank of America Corp DE lessened its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 32,945,560 shares of the company’s stock after selling 426,622 shares during the quarter. Bank of America Corp DE owned about 4.60% of JPMorgan Equity Premium Income ETF worth $1,881,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Clarity Asset Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $25,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Asset Dedication LLC acquired a new position in shares of 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 shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000. Finally, Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter worth approximately $33,000.

JPMorgan Equity Premium Income ETF Trading Down 0.2%

Shares of NYSEARCA JEPI opened at $57.09 on Monday. The firm has a market cap of $42.07 billion, a P/E ratio of 23.93 and a beta of 0.60. The business’s 50 day moving average is $58.61 and its 200-day moving average is $57.61. 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.3513 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.4%. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.