Cary Street Partners Financial LLC Acquires 75,605 Shares of JPMorgan Equity Premium Income ETF $JEPI

Cary Street Partners Financial LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,057,526 shares of the company’s stock after purchasing an additional 75,605 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 1.6% of Cary Street Partners Financial LLC’s portfolio, making the stock its 6th biggest holding. Cary Street Partners Financial LLC owned 0.15% of JPMorgan Equity Premium Income ETF worth $60,385,000 as of its most recent filing with the Securities & Exchange Commission.

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

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.45 on Wednesday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.72. The business’s fifty day moving average is $58.36 and its 200-day moving average is $57.44. The stock has a market cap of $43.81 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

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.