JPMorgan Equity Premium Income ETF $JEPI Shares Acquired by Synovus Financial Corp

Synovus Financial Corp increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 686,623 shares of the company’s stock after buying an additional 36,348 shares during the quarter. Synovus Financial Corp owned about 0.10% of JPMorgan Equity Premium Income ETF worth $39,209,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JEPI. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Asset Dedication LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $28,000. Pin Oak Investment Advisors Inc. increased its stake 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 acquiring an additional 212 shares during the period. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of NYSEARCA:JEPI opened at $59.33 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73. The company has a 50-day moving average price of $58.23 and a 200 day moving average price of $57.34. The company has a market cap of $43.72 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 declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.3444 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis 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.