Dynamic Advisor Solutions LLC Sells 81,644 Shares of JPMorgan Equity Premium Income ETF $JEPI

Dynamic Advisor Solutions LLC lessened its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 35.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 151,892 shares of the company’s stock after selling 81,644 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,694,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hamilton Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $72,373,000. RiverFront Investment Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after buying an additional 859,879 shares during the period. Tcfg Wealth Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after buying an additional 810,739 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 period. Finally, Raymond James Financial Inc. lifted its holdings in 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 valued at $402,053,000 after buying an additional 636,586 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.0%

Shares of JEPI opened at $56.09 on Monday. The firm’s fifty day simple moving average is $58.51 and its two-hundred day simple moving average is $57.61. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90. The stock has a market capitalization of $41.34 billion, a P/E 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 paid 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 dividend yield of 7.5%. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.