Vestmark Advisory Solutions Inc. Acquires Shares of 15,362 JPMorgan Equity Premium Income ETF $JEPI

Vestmark Advisory Solutions Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,362 shares of the company’s stock, valued at approximately $877,000.

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

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock opened at $59.59 on Friday. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The company’s 50 day simple moving average is $58.45 and its 200 day simple moving average is $57.47. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.72.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.