JPMorgan Equity Premium Income ETF $JEPI is Sierra Ocean LLC’s 10th Largest Position

Sierra Ocean LLC reduced its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 39.0% during the third quarter, HoldingsChannel reports. The fund owned 57,680 shares of the company’s stock after selling 36,818 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 2.8% of Sierra Ocean LLC’s holdings, making the stock its 10th biggest position. Sierra Ocean LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,294,000 at the end of the most recent reporting period.

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

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $59.31 on Friday. The firm has a market capitalization of $43.71 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The business has a fifty day moving average price of $58.10 and a 200-day moving average price of $57.28.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently announced 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 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.