Westbourne Investments Inc. Buys 13,185 Shares of JPMorgan Equity Premium Income ETF $JEPI

Westbourne Investments Inc. grew its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,630 shares of the company’s stock after purchasing an additional 13,185 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 1.3% of Westbourne Investments Inc.’s investment portfolio, making the stock its 25th largest position. Westbourne Investments Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,715,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JEPI. Bank of America Corp DE raised its stake in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after acquiring an additional 493,639 shares during the period. Raymond James Financial Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 9.9% in the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares in the last quarter. Nationwide Fund Advisors lifted its stake 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 period. Finally, Osaic Holdings Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.4% during 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 in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

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. The business has a 50 day simple moving average of $58.00 and a 200 day simple moving average of $57.24. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.3444 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend 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.