JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 31.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,859 shares of the company’s stock after selling 9,931 shares during the quarter. Sunbelt Securities Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hamilton Capital LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $72,373,000. RiverFront Investment Group LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after buying an additional 859,879 shares during the period. Tcfg Wealth Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares during the last quarter. Bank of America Corp DE grew its stake in JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares during the period. Finally, Raymond James Financial Inc. grew its stake in JPMorgan Equity Premium Income ETF by 9.9% in the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 1.6%

JEPI stock opened at $56.77 on Thursday. The stock has a market capitalization of $41.84 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90. The stock’s fifty day simple moving average is $58.58 and its 200-day simple moving average is $57.61.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.3513 dividend. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

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.