Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Wealth Enhancement Advisory Services LLC lessened its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,373,826 shares of the company’s stock after selling 138,540 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.19% of JPMorgan Equity Premium Income ETF worth $79,613,000 at the end of the most recent reporting period.

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

JPMorgan Equity Premium Income ETF Trading Down 1.0%

NYSEARCA:JEPI opened at $56.09 on Monday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90. The stock has a 50 day moving average of $58.51 and a two-hundred day moving average of $57.61. The firm has a market cap of $41.34 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

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