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

VeraBank N.A. lessened its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,319 shares of the company’s stock after selling 33,680 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.4% of VeraBank N.A.’s portfolio, making the stock its 16th biggest holding. VeraBank N.A.’s holdings in JPMorgan Equity Premium Income ETF were worth $7,441,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JEPI. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after buying an additional 1,327,996 shares in the last quarter. Hamilton Capital LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $72,373,000. Bank of New York Mellon Corp raised its stake in shares of JPMorgan Equity Premium Income ETF by 191.5% in the second quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after acquiring an additional 1,122,256 shares in the last quarter. RiverFront Investment Group LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% in the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after acquiring an additional 859,879 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in JPMorgan Equity Premium Income ETF by 602.3% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 956,167 shares of the company’s stock worth $54,358,000 after purchasing an additional 820,010 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.33 on Thursday. The company has a market cap of $43.72 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The company has a fifty day moving average price of $58.23 and a 200 day moving average price of $57.34. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

About JPMorgan Equity Premium Income ETF

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.