Maia Wealth LLC Sells 16,575 Shares of JPMorgan Equity Premium Income ETF $JEPI

Maia Wealth LLC decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 43.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,760 shares of the company’s stock after selling 16,575 shares during the quarter. Maia Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JEPI. Hamilton Capital LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at approximately $72,373,000. RiverFront Investment Group LLC increased its position in JPMorgan Equity Premium Income ETF by 42.1% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after purchasing an additional 859,879 shares in the last quarter. Bank of America Corp DE lifted 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 valued at $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Raymond James Financial Inc. lifted 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 valued at $402,053,000 after purchasing an additional 636,586 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in JPMorgan Equity Premium Income ETF by 40.2% in the third quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock valued at $115,436,000 after buying an additional 581,218 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $57.09 on Friday. The firm’s fifty day moving average price is $58.61 and its two-hundred day moving average price is $57.60. The stock has a market cap of $42.07 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

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