Bright Futures Wealth Management LLC. Buys New Position in JPMorgan Equity Premium Income ETF $JEPI

Bright Futures Wealth Management LLC. purchased a new position in 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 (SEC). The firm purchased 21,568 shares of the company’s stock, valued at approximately $1,232,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of 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 valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after buying an additional 493,639 shares during the period. Raymond James Financial Inc. boosted its position in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of JPMorgan Equity Premium Income ETF by 0.8% during the 3rd quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after acquiring an additional 55,467 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 1.4% in the 2nd quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after acquiring an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

NYSEARCA JEPI opened at $59.88 on Monday. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.90. The firm has a market capitalization of $44.13 billion, a PE ratio of 23.93 and a beta of 0.60. The stock’s 50 day moving average is $58.50 and its 200 day moving average is $57.51.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

About JPMorgan Equity Premium Income ETF

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.