RFG Advisory LLC Reduces Position in JPMorgan Equity Premium Income ETF $JEPI

RFG Advisory LLC lowered its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,891 shares of the company’s stock after selling 19,107 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Canvas Wealth Advisors LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 4.7% during the third quarter. Canvas Wealth Advisors LLC now owns 8,869 shares of the company’s stock valued at $506,000 after buying an additional 397 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in JPMorgan Equity Premium Income ETF by 41.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 67,130 shares of the company’s stock worth $3,824,000 after acquiring an additional 19,550 shares during the period. Appleton Partners Inc. MA lifted its position in JPMorgan Equity Premium Income ETF by 0.5% during the 3rd quarter. Appleton Partners Inc. MA now owns 261,858 shares of the company’s stock worth $14,952,000 after acquiring an additional 1,418 shares during the period. Greater Midwest Financial Group LLC grew its stake in JPMorgan Equity Premium Income ETF by 4.5% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 100,218 shares of the company’s stock valued at $5,722,000 after purchasing an additional 4,311 shares during the last quarter. Finally, Concord Wealth Partners increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.6% in the third quarter. Concord Wealth Partners now owns 24,178 shares of the company’s stock valued at $1,381,000 after purchasing an additional 607 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.1%

Shares of NYSEARCA:JEPI opened at $59.06 on Tuesday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.73. The stock has a market cap of $43.53 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The business has a 50-day moving average price of $57.96 and a 200-day moving average price of $57.22.

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 given a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%.

About JPMorgan Equity Premium Income ETF

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.