JPMorgan Equity Premium Income ETF $JEPI Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,228,749 shares of the company’s stock after selling 142,960 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $184,362,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JEPI. Clarity Asset Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 73.6% during 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 in the last quarter. Asset Dedication LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $28,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $31,000. Finally, Logan Capital Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.70 on Wednesday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90. The firm’s 50-day simple moving average is $58.60 and its 200-day simple moving average is $57.61. The firm has a market cap of $42.52 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. Shareholders of record on Monday, March 2nd were paid a $0.3513 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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.