EverSource Wealth Advisors LLC Sells 23,336 Shares of JPMorgan Equity Premium Income ETF $JEPI

EverSource Wealth Advisors LLC trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 154,044 shares of the company’s stock after selling 23,336 shares during the period. EverSource Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in JEPI. BOS Asset Management LLC boosted its position 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 acquiring an additional 178 shares during the period. First Horizon Advisors Inc. raised its stake in JPMorgan Equity Premium Income ETF by 9.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock worth $126,000 after purchasing an additional 183 shares in the last quarter. Bessemer Group Inc. boosted its holdings 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 purchasing an additional 185 shares during the period. Comprehensive Money Management Services LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 3.6% during the 3rd 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 in the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 3.7% during the 3rd 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 Trading Down 0.6%

Shares of JEPI opened at $59.15 on Tuesday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.72. The firm’s 50 day moving average is $58.32 and its 200-day moving average is $57.42. The stock has a market capitalization of $43.59 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.