Midwest Trust Co Boosts Holdings in JPMorgan Equity Premium Income ETF $JEPI

Midwest Trust Co lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,805 shares of the company’s stock after purchasing an additional 8,911 shares during the period. Midwest Trust Co owned about 0.06% of JPMorgan Equity Premium Income ETF worth $23,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after buying an additional 1,327,996 shares in the last quarter. Hamilton Capital LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth approximately $72,373,000. Bank of New York Mellon Corp raised its stake in JPMorgan Equity Premium Income ETF by 191.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after purchasing an additional 1,122,256 shares during the last quarter. RiverFront Investment Group LLC raised its stake in JPMorgan Equity Premium Income ETF by 42.1% in the 2nd quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after purchasing an additional 859,879 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its holdings in JPMorgan Equity Premium Income ETF by 602.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 956,167 shares of the company’s stock valued at $54,358,000 after purchasing an additional 820,010 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.1%

JPMorgan Equity Premium Income ETF stock opened at $59.06 on Tuesday. The company has a fifty day simple moving average of $57.96 and a 200-day simple moving average of $57.22. The firm has a market capitalization of $43.53 billion, a price-to-earnings 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 $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.