JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 190,072 shares of the company’s stock after selling 14,882 shares during the quarter. Sigma Planning Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $10,853,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JEPI. Bank of America Corp DE boosted its holdings in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after purchasing an additional 493,639 shares in the last quarter. Raymond James Financial Inc. raised its position 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 valued at $402,053,000 after purchasing an additional 636,586 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of JPMorgan Equity Premium Income ETF by 0.8% in the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock valued at $401,911,000 after buying an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after buying an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

Shares of NYSEARCA:JEPI opened at $59.49 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.72. The firm’s 50 day moving average price is $58.29 and its 200 day moving average price is $57.39. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.3444 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.