Sierra Ocean LLC Sells 36,818 Shares of JPMorgan Equity Premium Income ETF $JEPI

Sierra Ocean LLC decreased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 39.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,680 shares of the company’s stock after selling 36,818 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 2.8% of Sierra Ocean LLC’s investment portfolio, making the stock its 10th largest holding. Sierra Ocean LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,294,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Scott Capital Advisors LLC grew its stake in JPMorgan Equity Premium Income ETF by 124.4% in the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock valued at $7,037,000 after purchasing an additional 68,548 shares during the period. BG Investment Services Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 49.1% in the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after buying an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 7.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after buying an additional 15,186 shares during the last quarter. Cambridge Advisors Inc. grew its position in JPMorgan Equity Premium Income ETF by 8.8% during the third quarter. Cambridge Advisors Inc. now owns 187,501 shares of the company’s stock valued at $10,706,000 after buying an additional 15,195 shares during the period. Finally, FAS Wealth Partners Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 3.7% during the third quarter. FAS Wealth Partners Inc. now owns 1,534,530 shares of the company’s stock worth $87,622,000 after buying an additional 54,943 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.31 on Friday. The firm has a market cap of $43.71 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 $59.73. The firm’s 50-day simple moving average is $58.10 and its two-hundred day simple moving average is $57.28.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.