JPMorgan Equity Premium Income ETF $JEPI Stock Position Increased by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 48.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,100 shares of the company’s stock after acquiring an additional 53,706 shares during the period. JPMorgan Equity Premium Income ETF makes up 6.3% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Pinnacle Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JEPI. Clarity Asset Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth approximately $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $28,000. Pin Oak Investment Advisors Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 73.6% in 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 purchased a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

NYSEARCA JEPI opened at $59.51 on Thursday. The firm has a market capitalization of $43.86 billion, a P/E ratio of 23.93 and a beta of 0.60. The company has a 50-day moving average price of $58.41 and a 200-day moving average price of $57.46. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.72.

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 given a dividend of $0.3444 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.9%.

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.