Level Four Advisory Services LLC Buys 18,296 Shares of JPMorgan Equity Premium Income ETF $JEPI

Level Four Advisory Services LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,270 shares of the company’s stock after purchasing an additional 18,296 shares during the quarter. Level Four Advisory Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $402,000. AQR Capital Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $847,000. Ignite Planners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% in the 2nd quarter. Ignite Planners LLC now owns 60,910 shares of the company’s stock valued at $3,470,000 after purchasing an additional 843 shares during the period. Finally, Schnieders Capital Management LLC. acquired a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $3,093,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.83 on Wednesday. The stock has a 50-day simple moving average of $58.55 and a 200 day simple moving average of $57.55. The stock has a market capitalization of $43.36 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.3513 per share. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34.

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.