Bouchey Financial Group Ltd Increases Stake in JPMorgan Equity Premium Income ETF $JEPI

Bouchey Financial Group Ltd grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,016 shares of the company’s stock after acquiring an additional 10,997 shares during the period. JPMorgan Equity Premium Income ETF comprises 2.1% of Bouchey Financial Group Ltd’s portfolio, making the stock its 14th largest holding. Bouchey Financial Group Ltd owned 0.07% of JPMorgan Equity Premium Income ETF worth $27,066,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Consolidated Portfolio Review Corp raised its position in JPMorgan Equity Premium Income ETF by 25.4% in the third quarter. Consolidated Portfolio Review Corp now owns 26,554 shares of the company’s stock worth $1,516,000 after acquiring an additional 5,376 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 12.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 453,512 shares of the company’s stock worth $25,896,000 after purchasing an additional 50,530 shares during the period. Winch Advisory Services LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 23.6% in the 3rd quarter. Winch Advisory Services LLC now owns 6,922 shares of the company’s stock valued at $395,000 after purchasing an additional 1,322 shares in the last quarter. Reyes Financial Architecture Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 18.8% in the third quarter. Reyes Financial Architecture Inc. now owns 15,286 shares of the company’s stock valued at $873,000 after purchasing an additional 2,419 shares during the period. Finally, Diversified Portfolios Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.1% in the third quarter. Diversified Portfolios Inc. now owns 16,762 shares of the company’s stock valued at $957,000 after purchasing an additional 658 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.8%

JEPI stock opened at $58.62 on Friday. The company’s 50-day moving average price is $58.58 and its 200 day moving average price is $57.57. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.90. The company has a market cap of $43.20 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.3513 per share. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%.

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.