RFG Advisory LLC Decreases Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

RFG Advisory LLC lowered its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,891 shares of the company’s stock after selling 19,107 shares during the quarter. RFG Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Canvas Wealth Advisors LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 4.7% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 8,869 shares of the company’s stock worth $506,000 after buying an additional 397 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in JPMorgan Equity Premium Income ETF by 41.1% in the third quarter. Smartleaf Asset Management LLC now owns 67,130 shares of the company’s stock valued at $3,824,000 after acquiring an additional 19,550 shares in the last quarter. Appleton Partners Inc. MA boosted its stake in JPMorgan Equity Premium Income ETF by 0.5% in the third quarter. Appleton Partners Inc. MA now owns 261,858 shares of the company’s stock valued at $14,952,000 after acquiring an additional 1,418 shares in the last quarter. Greater Midwest Financial Group LLC grew its holdings in JPMorgan Equity Premium Income ETF by 4.5% in the third quarter. Greater Midwest Financial Group LLC now owns 100,218 shares of the company’s stock worth $5,722,000 after purchasing an additional 4,311 shares during the last quarter. Finally, Concord Wealth Partners increased its position in shares of JPMorgan Equity Premium Income ETF by 2.6% during the third quarter. Concord Wealth Partners now owns 24,178 shares of the company’s stock worth $1,381,000 after purchasing an additional 607 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

Shares of JEPI opened at $59.06 on Tuesday. The firm has a market cap of $43.53 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The stock has a fifty day moving average price of $57.96 and a 200-day moving average price of $57.22.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.