Axxcess Wealth Management LLC Has $9.12 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Axxcess Wealth Management LLC reduced its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 31.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,788 shares of the company’s stock after selling 73,990 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. Maridea Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth approximately $222,000. Fortis Group Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 7.5% during the 3rd quarter. Fortis Group Advisors LLC now owns 12,767 shares of the company’s stock valued at $726,000 after purchasing an additional 888 shares in the last quarter. Cornerstone Advisory LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3.3% during the 3rd quarter. Cornerstone Advisory LLC now owns 2,026,302 shares of the company’s stock valued at $115,702,000 after purchasing an additional 64,271 shares in the last quarter. Turn8 Private Wealth Inc. raised its position in JPMorgan Equity Premium Income ETF by 0.4% in the 3rd quarter. Turn8 Private Wealth Inc. now owns 119,619 shares of the company’s stock valued at $6,830,000 after purchasing an additional 470 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter worth $262,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $59.20 on Wednesday. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.73. The firm has a market cap of $43.63 billion, a PE ratio of 23.93 and a beta of 0.60. The business has a fifty day moving average of $58.19 and a 200-day moving average of $57.33.

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 given a $0.3444 dividend. This represents a c) annualized dividend 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.