Onyx Bridge Wealth Group LLC Has $4.07 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Onyx Bridge Wealth Group LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 24.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,267 shares of the company’s stock after purchasing an additional 13,901 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,069,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BOS Asset Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 3.5% during the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock valued at $298,000 after acquiring an additional 178 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 9.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after acquiring an additional 183 shares during the period. Bessemer Group Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 0.9% in the third quarter. Bessemer Group Inc. now owns 20,292 shares of the company’s stock worth $1,159,000 after purchasing an additional 185 shares during the period. Comprehensive Money Management Services LLC increased its stake in JPMorgan Equity Premium Income ETF by 3.6% in the third quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock valued at $310,000 after purchasing an additional 188 shares in the last quarter. Finally, Global Financial Private Client LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 3.7% during the third quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock valued at $304,000 after purchasing an additional 189 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.27 on Thursday. The company’s 50-day moving average is $58.04 and its 200-day moving average is $57.25. The stock has a market capitalization of $43.68 billion, a PE 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.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.