Clearstead Trust LLC Has $4.54 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Clearstead Trust LLC lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 307.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,494 shares of the company’s stock after buying an additional 59,999 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 0.8% of Clearstead Trust LLC’s portfolio, making the stock its 22nd biggest holding. Clearstead Trust LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,539,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JEPI. GHP Investment Advisors Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $25,000. Pin Oak Investment Advisors Inc. boosted its position in JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the last quarter. Asset Dedication LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $28,000. Finally, BTG Pactual Asset Management US LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

JEPI stock opened at $59.49 on Monday. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.72. The company has a market cap of $43.84 billion, a P/E ratio of 23.93 and a beta of 0.60. The business has a fifty day moving average of $58.29 and a 200-day moving average of $57.40.

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 paid a $0.3444 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 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.