Trade Alert

As we referenced a few days ago, we exited our position in JEPI today.

After holding this ETF for several months and collecting 7 months worth of dividends, the dynamics of the ETF are not suited for a rising market in our opinion.

With the continuing momentum in technology, artificial intelligence and other sectors more narrowly continuing to push higher, we felt this capital is better deployed in other areas.

No new investment was made today.

We sold the stock below our acquisition price however with dividends the return managed to be around 4%….too meager given the markets performance this year in our opinion.

While this holding may be adequate for others, our risk tolerance and desire to ride market trends higher resulted in our ultimate decision to exist the entire position.

Full Disclosre.

These shares were purchase in December 2025 at $56.61 and sold today at $55.79. We collected $2.76 in dividends thru 6-3-26.

This calculates to a total return of 3.4% annualized of 8.3%.

While not horrible, the index that JEPI tracks and that we benchmark it to, the S&P 500 has performed significantly better during this time by more than 6 percentage points.

With the proceeds from this sale, we will likely be deploying half of that capital into the upcoming SpaceX IPO assuming our allocation allows for that.

The remained will be held for future deployment into a private equity income fund managed by our primary broker, Morgan Stanley.