Choreo LLC Buys 92,436 Shares of JPMorgan Equity Premium Income ETF $JEPI

Choreo LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 47.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,245 shares of the company’s stock after acquiring an additional 92,436 shares during the quarter. Choreo LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $16,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JEPI. Hamilton Capital LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $72,373,000. Bank of New York Mellon Corp increased its stake in shares of JPMorgan Equity Premium Income ETF by 191.5% during the second quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock valued at $97,120,000 after buying an additional 1,122,256 shares during the period. RiverFront Investment Group LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 42.1% in the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock valued at $165,084,000 after acquiring an additional 859,879 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in JPMorgan Equity Premium Income ETF by 602.3% in the second quarter. Atlantic Union Bankshares Corp now owns 956,167 shares of the company’s stock worth $54,358,000 after acquiring an additional 820,010 shares during the period. Finally, Bank of America Corp DE grew its holdings in JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $59.59 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.72. The company 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 two-hundred day simple moving average is $57.47.

JPMorgan Equity Premium Income ETF Cuts Dividend

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