Stratos Investment Management LLC Increases Holdings in JPMorgan Equity Premium Income ETF $JEPI

Stratos Investment Management LLC increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 633,320 shares of the company’s stock after purchasing an additional 109,290 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.5% of Stratos Investment Management LLC’s portfolio, making the stock its 19th biggest position. Stratos Investment Management LLC owned approximately 0.09% of JPMorgan Equity Premium Income ETF worth $36,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Scott Capital Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 124.4% in the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after purchasing an additional 68,548 shares during the period. BG Investment Services Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 49.1% during the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after buying an additional 22,670 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in JPMorgan Equity Premium Income ETF by 7.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after buying an additional 15,186 shares in the last quarter. Cambridge Advisors Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 8.8% during the third quarter. Cambridge Advisors Inc. now owns 187,501 shares of the company’s stock worth $10,706,000 after buying an additional 15,195 shares during the period. Finally, FAS Wealth Partners Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3.7% in the 3rd quarter. FAS Wealth Partners Inc. now owns 1,534,530 shares of the company’s stock valued at $87,622,000 after acquiring an additional 54,943 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.21 on Wednesday. The stock has a market capitalization of $43.64 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The business has a fifty day moving average price of $58.00 and a 200 day moving average price of $57.24.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.3444 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.