Evermay Wealth Management LLC Sells 10,115 Shares of JPMorgan Equity Premium Income ETF $JEPI

Evermay Wealth Management LLC lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,734 shares of the company’s stock after selling 10,115 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 0.6% of Evermay Wealth Management LLC’s portfolio, making the stock its 24th largest holding. Evermay Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,067,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at about $25,000. Asset Dedication LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $28,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $31,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $58.26 on Wednesday. The stock’s 50 day simple moving average is $57.87 and its 200 day simple moving average is $57.18. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be paid a $0.3444 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Monday, February 2nd.

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.