JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 40.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 60,044 shares of the company’s stock after selling 41,437 shares during the quarter. Avior Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JEPI. Clarity Asset Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $25,000. Asset Dedication LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $28,000. BTG Pactual Asset Management US LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,000. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $33,000. Finally, VSM Wealth Advisory LLC lifted its stake in JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 1.0%

Shares of JEPI opened at $56.09 on Friday. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm’s fifty day simple moving average is $58.51 and its 200-day simple moving average is $57.59. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.90.

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. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.5%. This is an increase 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.