Northeast Financial Group Inc. Decreases Holdings in JPMorgan Equity Premium Income ETF $JEPI

Northeast Financial Group Inc. trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 23.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,645 shares of the company’s stock after selling 50,767 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 2.3% of Northeast Financial Group Inc.’s holdings, making the stock its 15th biggest holding. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $9,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JEPI. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth about $402,000. AQR Capital Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at $847,000. Ignite Planners LLC raised its stake in JPMorgan Equity Premium Income ETF by 1.4% in the 2nd quarter. Ignite Planners LLC now owns 60,910 shares of the company’s stock worth $3,470,000 after acquiring an additional 843 shares during the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $3,093,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.26 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.73. The firm has a market capitalization of $43.67 billion, a PE ratio of 23.93 and a beta of 0.60. The stock’s 50-day simple moving average is $58.26 and its 200-day simple moving average is $57.35.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders 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 dividend 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.