Empirical Asset Management LLC Takes Position in JPMorgan Equity Premium Income ETF $JEPI

Empirical Asset Management LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,318 shares of the company’s stock, valued at approximately $3,558,000.

Other hedge funds also recently bought and sold shares of the company. Clarity Asset Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $28,000. Pin Oak Investment Advisors Inc. boosted its holdings in 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 during the 2nd quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

Shares of NYSEARCA JEPI opened at $59.45 on Wednesday. The firm has a fifty day simple moving average of $58.36 and a two-hundred day simple moving average of $57.44. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.72. The firm has a market capitalization of $43.81 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.3444 dividend. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.