Atria Investments Inc Lowers Stake in JPMorgan Equity Premium Income ETF $JEPI

Atria Investments Inc lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.2% in the 3rd quarter, Holdings Channel reports. The firm owned 109,398 shares of the company’s stock after selling 67,725 shares during the period. Atria Investments Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $6,247,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. BOS Asset Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 3.5% in the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock valued at $298,000 after buying an additional 178 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 9.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after acquiring an additional 183 shares during the period. Bessemer Group Inc. grew its position in JPMorgan Equity Premium Income ETF by 0.9% in the 3rd quarter. Bessemer Group Inc. now owns 20,292 shares of the company’s stock valued at $1,159,000 after acquiring an additional 185 shares in the last quarter. Comprehensive Money Management Services LLC increased its stake in JPMorgan Equity Premium Income ETF by 3.6% during the third quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock worth $310,000 after purchasing an additional 188 shares during the period. Finally, Global Financial Private Client LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.7% during the third quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock worth $304,000 after purchasing an additional 189 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $59.31 on Friday. The firm has a market cap of $43.71 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm has a 50 day simple moving average of $58.10 and a 200-day simple moving average of $57.28. 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 firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.