JPMorgan Equity Premium Income ETF $JEPI Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC trimmed its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,720 shares of the company’s stock after selling 16,775 shares during the period. Harbor Investment Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake 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 acquiring an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after purchasing an additional 493,639 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after purchasing an additional 201,202 shares in the last quarter. Nationwide Fund Advisors lifted its holdings 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 purchasing an additional 55,467 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% in the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock valued at $355,327,000 after purchasing an additional 85,326 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.0%

Shares of NYSEARCA JEPI opened at $56.09 on Friday. The business has a 50-day moving average price of $58.51 and a 200 day moving average price of $57.59. The stock has a market cap of $41.34 billion, a PE 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 $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.3513 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.