Next Level Private LLC Decreases Stake in JPMorgan Equity Premium Income ETF $JEPI

Next Level Private LLC reduced its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 73.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,492 shares of the company’s stock after selling 47,278 shares during the quarter. Next Level Private LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of JEPI. Clarity Asset Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $25,000. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $28,000. BTG Pactual Asset Management US LLC bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $31,000. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $33,000. Finally, VSM Wealth Advisory LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.0%

Shares of JEPI stock opened at $56.09 on Friday. The company has a 50 day moving average price of $58.51 and a 200-day moving average price of $57.59. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.90. The firm has a market capitalization of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.3513 dividend. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date was Monday, March 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.