JPMorgan Equity Premium Income ETF $JEPI Stock Holdings Boosted by Cooper Financial Group

Cooper Financial Group lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,906 shares of the company’s stock after acquiring an additional 11,404 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 2.6% of Cooper Financial Group’s portfolio, making the stock its 9th largest position. Cooper Financial Group owned about 0.06% of JPMorgan Equity Premium Income ETF worth $24,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JEPI. Clarity Asset Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $28,000. BTG Pactual Asset Management US LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $33,000. Finally, VSM Wealth Advisory LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.0%

Shares of NYSEARCA JEPI opened at $56.09 on Friday. The company has a market capitalization of $41.34 billion, a PE ratio of 23.93 and a beta of 0.60. The stock’s 50 day moving average price is $58.51 and its 200-day moving average price is $57.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.3513 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. This is an increase from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, March 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.