JPMorgan Equity Premium Income ETF $JEPI Shares Sold by VeraBank N.A.

VeraBank N.A. reduced its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 130,319 shares of the company’s stock after selling 33,680 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 1.4% of VeraBank N.A.’s portfolio, making the stock its 16th largest position. VeraBank N.A.’s holdings in JPMorgan Equity Premium Income ETF were worth $7,441,000 at the end of the most recent reporting period.

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

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $59.33 on Thursday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The company has a 50-day simple moving average of $58.23 and a 200-day simple moving average of $57.34. The firm has a market capitalization of $43.72 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.3444 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.