JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,445 shares of the company’s stock after purchasing an additional 12,854 shares during the quarter. Assetmark Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clarity Asset Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. raised its stake 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 valued at $28,000 after acquiring an additional 212 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.20 on Wednesday. The company has a market cap of $43.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The stock’s 50-day moving average is $58.19 and its two-hundred day moving average is $57.33. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.3444 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date 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.