Cornerstone Advisory LLC Has $115.70 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Cornerstone Advisory LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,026,302 shares of the company’s stock after acquiring an additional 64,271 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 11.4% of Cornerstone Advisory LLC’s holdings, making the stock its largest position. Cornerstone Advisory LLC owned about 0.28% of JPMorgan Equity Premium Income ETF worth $115,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BOS Asset Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3.5% during the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock worth $298,000 after buying an additional 178 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 9.0% in the second quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 0.9% during the 3rd quarter. Bessemer Group Inc. now owns 20,292 shares of the company’s stock valued at $1,159,000 after acquiring an additional 185 shares during the period. Comprehensive Money Management Services LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.6% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock worth $310,000 after purchasing an additional 188 shares during the last quarter. Finally, Global Financial Private Client LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 3.7% in the 3rd quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock worth $304,000 after purchasing an additional 189 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

JPMorgan Equity Premium Income ETF stock opened at $59.31 on Tuesday. The business’s 50 day simple moving average is $58.15 and its 200 day simple moving average is $57.30. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The company has a market cap of $43.71 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.3444 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, February 2nd.

JPMorgan Equity Premium Income ETF Company 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.