CENTRAL TRUST Co Buys 17,301 Shares of JPMorgan Equity Premium Income ETF $JEPI

CENTRAL TRUST Co grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,485 shares of the company’s stock after buying an additional 17,301 shares during the period. CENTRAL TRUST Co’s holdings in JPMorgan Equity Premium Income ETF were worth $10,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. GHP Investment Advisors Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. Pin Oak Investment Advisors Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the period. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF during the second quarter worth $28,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Trading Down 0.4%

Shares of JEPI opened at $59.01 on Friday. The firm’s fifty day simple moving average is $58.07 and its two-hundred day simple moving average is $57.26. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The stock has a market capitalization of $43.49 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given 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.