JPMorgan Equity Premium Income ETF $JEPI Shares Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 38.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,474 shares of the company’s stock after acquiring an additional 19,503 shares during the period. Verus Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lowery Thomas LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 7.5% during the third quarter. Lowery Thomas LLC now owns 75,043 shares of the company’s stock valued at $4,285,000 after purchasing an additional 5,212 shares during the last quarter. Clearstead Trust LLC boosted its position in JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after purchasing an additional 59,999 shares during the period. Curtis Advisory Group LLC grew its stake in JPMorgan Equity Premium Income ETF by 0.9% during the 3rd quarter. Curtis Advisory Group LLC now owns 237,265 shares of the company’s stock worth $13,548,000 after buying an additional 2,108 shares during the last quarter. Avalon Trust Co acquired a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth $46,000. Finally, Koshinski Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 12.3% in the third quarter. Koshinski Asset Management Inc. now owns 165,545 shares of the company’s stock worth $9,453,000 after buying an additional 18,116 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $59.49 on Monday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.72. The company has a market cap of $43.84 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm has a fifty day moving average of $58.29 and a 200-day moving average of $57.40.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.3444 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

JPMorgan Equity Premium Income ETF Company 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.