Apexium Financial LP Acquires 24,453 Shares of JPMorgan Equity Premium Income ETF $JEPI

Apexium Financial LP raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,643 shares of the company’s stock after buying an additional 24,453 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 0.7% of Apexium Financial LP’s investment portfolio, making the stock its 21st largest holding. Apexium Financial LP’s holdings in JPMorgan Equity Premium Income ETF were worth $15,054,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Scott Capital Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.4% in the third quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock valued at $7,037,000 after purchasing an additional 68,548 shares in the last quarter. Clearstead Trust LLC grew its holdings in JPMorgan Equity Premium Income ETF by 307.8% during the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after buying an additional 59,999 shares in the last quarter. BG Investment Services Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 49.1% during the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after buying an additional 22,670 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in JPMorgan Equity Premium Income ETF by 7.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock valued at $12,256,000 after buying an additional 15,186 shares during the last quarter. Finally, Cascade Wealth Advisors Inc raised its position in JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after buying an additional 14,899 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.2%

Shares of NYSEARCA:JEPI opened at $57.70 on Wednesday. The stock has a market cap of $42.52 billion, a PE ratio of 23.93 and a beta of 0.60. The stock’s fifty day simple moving average is $58.60 and its two-hundred day simple moving average is $57.61. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.3513 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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.